We discuss the Pi Cycle Top Indicator by Phillip Swift, by popular request. We take a close look at this metric and show that the two moving averages are in fact converging, and if we do not have a correction in the next few weeks, then they will likely cross. Historically, crosses of these moving averages have predicted the local top to within 3 days. However, this was developed after prior bull markets. Will it have predictive power? Well we will certainly find out! TA Video by Benjamin Cowen.
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