Quote from: NotFromReddit on October 05, 2018, 01:36:44 AM

Quote from: bikefront on October 04, 2018, 04:23:25 PM

Today was a Directional Change. I do not have arrays on the daily timeframe beyond that, but it was a minor turning point as well, so today might be the low.

Week of 10/15 shows high volatility, but also the highest Composite reading. How do you interpret this?

Volatility can mean a big move in either direction. The weekly level shows this week, followed by 10/15, as turning points. Therefore, because this week produced a low, it should imply an intraday or closing high that week. On the other hand, it also produced a high, so it could make a low. However, we may be in cycle inversion where each turning point produces a high. Armstrong mentioned in his after market post that we can see volatility due to the battle between bulls and bears of the effect of rising rates on markets.