Well the chart with the last 6 'major' Bradley dates marked on the SPX just shows you what occurred each time after each date over the last couple of years when they occurred. Doesn't mean one has to 'react or respond" to them in any dramatic way. But if I was enjoying a rising portfolio of stocks that have been rising strongly for some time now it would remind me to place stop losses where needed or start selling call options on some of the portfolio or exiting some very over extended stocks with stretched out prices. And a week after a Bradley date wont necessarily tell you much either.
But the "KEY" to any validity in this Bradley date or Fib Cluster time period as well is simply the technical picture. The SPX broke up over a double top at 1370 which is a major breakout over the last high in May 2011 of this multi year bull market. As long as price remains above that 1370 breakout point the SPX is strongly bullish. So until price breaks down below this breakout point and confirms a failure in the breakout on a pullback test traders should remain bullish and stay long after an assessment of risk on their entire portfolio. It's about as simple as that. PRICE IS KING! Always has been and always will be. But it pays to click on the bright headlights now and again to get a view of what may be down the road further than usual. Not the time to be running for the hills or getting short yet. So far the SPX chart is very bullish despite being very overbought. Watch for 1370 on the SPX to breakdown before drawing any major trading decisions.