markets inhale/exhale and we're now peaked on these price cycles with a potentially large exhale coming. time is not a factor in this cycle analysis using renko; this is strictly based on the price cycles
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I've been following some Hurst market cycles that correspond closely to these same cycles- it's very interesting but I started to notice something recently. Price seems to be more critical than time. Hurst cycles rely on "time" - renko blocks ignore time for the most part- they will not print unless price moves. So it became apparent to study the cycles strictly based on price.. But it is interesting to see the Hurst cycles closely correlate but with a wide room for error.註釋
take a look at the volume trend (top) on spy over the years. It's important. 註釋
also, equally telling is the lower histogram bar I'm using. It's the put/call ratio. This is low.. 註釋
my es1! renko chart on smaller blocks- I'm definitely seeing a leg down due now. I would go as far as to say that the market just topped..Market was being driven on autopilot right into this corner at the market close for a reason.. I think to give people confidence in the market and that all's well.. when all is not well. The wealth effect will settle in on people's emotions. Perhaps people will spend a little more on their shopping. I've got news, people are tapped out and in debt. 註釋
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what an incredible rally we've seen. Perhaps we have two cycle lows coming together to form the next low in the market.. I don't know how LOW this low will be it's worth being very careful trying to catch the bottom if the market wants to cool off 註釋
I just want to point out this ascending triangle and how price made a measured move up.. That would have saved me a headache from October-February... 註釋
MmmHmmm mustard on my biscuits 
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