Cyclical DJIA – spxbot

Without a real schedule, I'm developing the cyclical analysis tool and I have to say that I was surprised from this chart brewed last Friday. It's not perfect at all, but it gives a different perspective to index forecast, totally separated from the model and artificial intelligence tools. The chart shows the Dow Jones Industrial Average (not the S&P 500, as DJIA has a much longer history) that in entering a cyclical negative phase, which does not means that the index will crash, but that, as in previous negative phases, may encounter a more "meditative" phase for next two to three months. Analysis is conducted on the DJIA historical daily data from May 1896.