The Cycle Projection Oscillator (CPO) is a technical tool that uses complex algorithms to filter multiple cycles from historical data, combines them and gives a graphical representation of their productive behavior. We have written several articles for Futures prior to a significant turning point appearing in the CPO. The weekly SPX charts (below) tells you that the CPO expects a significant downturn is coming.
Click charts to enlarge
Back in February we wrote about a previous turn that also highlighted other key turning points.
The CPO methodology employs proprietary statistical techniques to obtain cyclical information from price data. Other proprietary frequency domain techniques are then employed to obtain the cycles embedded in the price.