Enjoyed your Bloomberg slot and you posts here - the chart picture is worth a thousand words.
There must be some scientific base to astrological cycles as far as human behaviour is concerned (birds start flapping their wings at migration times in response to their in-built body clocks for example) and Hougaard's Market Cycles has a nice ring to it!!
Monday's are usually nice trending days once it's sorted out which direction it wants to go in. You usually get the bounce about 3.00pm if it's going to turn around, so might be leaving it a bit late now. It made a little attempt to turn at 3.00pm which didn't amount to much (fortunately as I'd just shorted the ES!). I think probability favours a consolidation at these lows then a further break down this evening.
I think the low is in for now at around 980 on the ES. Could get choppy between 980 and 985 for the next few hours. A little pop above 985.5 before falling back down again. Why 985.5? because that's where my stop is!