|2015.03.13 XOI.X Cycle Model Chart|
Interpreting the model at this juncture reveals a few possibilities. In the immediate time frame, there is increasing upward pressure on the index price. However, it may also be that the peak might have been a couple of months early compared to the model prediction. Given the past performance of the model, taken together it suggests that Fall 2015 should encompass a low in the index curve, and another turning point. Previous iterations of the model are available on this blog.