I need to abbreviate this morning to stay timely. The most important advice I have this morning is not to get lost in the weeds of your day trade screens. The mid-month dip is due this week, likely to coincide with the 40-day cycle dip due any time. We should get one last flip up from there, and I don’t necessarily expect a new high. Then, the nominal 18-month cycle top should present and end this latest run from March 2020 – and this will coincide with the simultaneous peaking of every cycle of lower degree. 

Think of all of this as an “M” pattern. Don’t lose sight of this upper time frame activity while you are mesmerized in your 1, 2, or 5-minute world. This entire “M” activity likely will be concluded before May 15th, which is the latest forecast I can come up with for the 18-month cycle peak. David Hickson covers the sequence well. If you click on the picture below, it will take you to his latest cycle forecast: