Was the trough that formed on Thursday 7 May 2015 a 40-day cycle trough, or an 80-day cycle trough? I look at the S&P 500, Dow, Nasdaq and Dax and consider the options.
We take a quick look at the EURUSD which is coming down to an 80-day cycle trough, following a good bull run which has increased the chances that the mid-March 2015 trough was the long cycle trough I have been expecting.
And finally Gold has been tricky ... I explain why I am taking a step back, and waiting for an opportunity to come in the next few months.