The short term cycle continues to produce good results although it missed the good gains in the FTSE 100 for May 2017. Long term followers will know that I used the medium term cycle (17.6 weeks) to forecast a top on 25 May 2017. This is not an exact date and I usually allow a window of +/- 7 days.
However I am not shorting this market and will continue to use spread-bets to go long during the positive short term cycle and keep my long term FTSE 100 tracker invested throughout the summer. If we see weak prices in early July or late September I will add to long term holdings.
My medium tern cycle is repeated below: