SPX rally the real deal today? Time to remember the Bradley model again

The SPX rally will have many wondering today if it's for real?! We already knew from the ChartsEdge and cycle forecasting, and Andre Gratian's commentaries, that we could be due for a good bounce today. And fans of the Bradley model will remember that tomorrow is an important turn date - actually I think it's July 14-15, but nice to think of it in terms of "Bastille Day" July 14. I've posted about the Bradley model before - here is a quote of what I posted on June 2. Now remember when you look at it, that the July 14-15 time frame didn't even have to be a high point - or if a high point, it did not have to be a "new high." So it is possible for this time frame to coincide with a "wave 2 pullback" upward. This just seems to be a good time to remind people, especially as the SPX may have trouble with that 898 level that I've tweeted about today (and considering what that also means in terms of the ChartsEdge forecasts, and the Elliott Wave perspectives). Oh - also, a reader pointed me to Manfred Zimmel's recent work stating that the Bradley seems to be tracking for oil better in this time frame. I just have to report that - no independent knowledge of that on my own part. For myself - I'm looking at oil separately, and you can see my comments on that under the "Oil" label ... so I still tend to think of the Bradley for equities, and I notice that Andre Gratian has also. Once again - not that we follow Bradley inexorably, but just consider the turn date time frames as potentially significant - especially since the July 14/15 time window is supposed to be one of the more significant Bradley dates.

So here's that quote (it's the fastest way I can post up this information right now in a busy afternoon!):

There are many enthusiasts of the Bradley model, sometimes called the Bradley siderograph, which produces cycle forecasts for equities markets including the S&P 500 index. A depiction of that forecast for this year (made by Manfred Zimmel) is below, so you can see it points to tomorrow, June 3 being an intermediate swing high date. As Manfred Zimmel noted, it's really to be used for the timing more than the levels - but it's sure interesting that equities have moved up in this time frame. I learned to have greater respect for the Bradley model when I did the research for this post, "B" on Cycles: Part III, information on the Bradley siderograph model used in market cycles analysis (at this site, 5/16/09), as part of a broad review of cycles methods. Please read that, and it includes links to Manfred Zimmel's site (also printed on his chart below), for more information.

Yes, it's true that the March lows do not appear on this chart, and I sure cannot speak to that. I also would not use the Bradley model as the sole basis to believe that the market tops out in mid-July, or drops into November. It can be a useful reference however. So let's take note of it, in context with the other information and data points we can collect from the markets and other good market analysts.