S & P patterns and cycles indicate upward action

FOR THURSDAY: (9/22) While the chances for a Dec. rate hike seem high now, not sure the trade will worry too much with projections for only 2 hikes next year. BOJ is out of the way and they disappointed and not sure Draghi can do much or will want to on Thursday. S & P patterns and cycles are good for upward action for at least one more day, and we can sell rallies in notes and the dollar on dips; gold and silver should reverse from overdone conditions on Thursday. (For details and recommendations see our full timer.)