Teasing Out the Cycle

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With the exception of the first three weeks of the year, the entirety of 2019 has been completely cyclic for the small caps, as shown below in five charts of symbol IWM. I have applied a variety of overbought/oversold indicators, and cycle indicators, to these SlopeCharts, and I invite you to thumb through the gallery and draw your own conclusions about what’s most likely next.

slopechart IWM
slopechart IWM
slopechart IWM
slopechart IWM
slopechart IWM