By comparing different size cycles in the market we can get a cycle bias. The cycle bias can be a leading indicator if the market will head up or down in the near future. As seen in the screen shot (left), yellow dots are the cycles measured. If the yellow cycle dots are below the blue line, the cycle bias is short and you might expect the market to fall. Vice versa for longs. If the yellow dots are above the blue line, the cycle bias is long and the market might head up. The green and red dotted lines are another way of looking at the same information. Green for up bias, and red for down. It is important to note this type of analysis works better in longer time form charts, such as a 15 minute shown here.