Is a short-term top in?

March 11, 2016 12:01 PM

On Wednesday we shared a short-term outlook from the Cycle Projection Oscillator (CPO) that indicated that the S&P 500 and Nasdaq  would rally for the rest of the week before turning lower next week. The first part of this analysis has played out leaving a pretty strong shorting opportunity. Not only does the CPO indicate the market will soon turn downward, it is showing this while also indicating overbought conditions (See charts).

About the Author

John Rawlins is a former member of the CBOT with more than 30 years of experience in trading and research. He co-developed the Cycle Projection Oscillator, which has been featured in Futures and numerous research reports, with an aerospace engineer to identify the dominant cycles in a data stream and project them into the future. Reach John at @cpopro1. You can reach John at