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in todayamp;#39;s market update weamp;#39;re going to be speaking about straddled troughs and distorted Cycles because one or other of those things is happening in the markets at the moment before we take a look at the markets I must ask you to please make sure that you have read and understood these disclaimers starting with the Samp;amp;P 500 this is SPX data this is the analysis that we have been discussing for some time in these Market updates with a 20 we cycle trough as you can see over here in the middle of April in recent Market updates we have been discussing the position of the 80-day cycle trough we have considered this position over here at the beginning of July as a potential position for the 80-day cycle trough in our previous market update which was recorded over here on the 22nd of July we considered the possibility that the 80-day cycle trough still lay ahead of us however if if we take a look at the bar C from the 20we cycle trough in the middle of April you can se