Cycle detection - Update

On Nov 18th, a cycle detection indicator was applied to the SPY daily chart, and a cycle with a period of 72 bars appeared to fit prices nicely. Despite caution must always be exercised as cycles are generally very short-lived, about 2 weeks have passed now and it will be interesting to see whether we are right or not over the next few days...



For interest's sake, let's also take a look at cycles with RUT.