Friday, June 18, 2010

SPX right at critical down channel resistance

SPX right at critical down channel resistance. 

There is a triple cluster geometric CIT at 6/18-21 and a Solar CIT on 6/22. 

There is also a Sun Jupiter square early am 6/23 that should be watched closely. 6/21-22 should be an important Turn. 

For today 6/18, there is a double hourly CIT at 2.55-4.00 pm. 


klout said...

very nice analysis....thanks for sharing your work.. fridays opex price action was odd....tight range bound trading...that type of movement is the market talking to for the next wave down should hit the bottom of that down channel

TimeandCycles Intraday CITs said...

The double hourly CIT was an important Low.

This is a bullish breakout today.

Today 6/21 had a double hit and we have rallied into it, suggesting a short term pullback is still due, probably into 6/22 Solar CIT

TimeandCycles Intraday CITs said...

OTOH, the double hourly CIT near the close Friday could have been the High at the Open today.

Cycles are still pointing lower the next few days, before we see higher Highs.

klout said...

so far so good...if that swing high at 1131 holds WD GANN says we could go to 955 on 6.30.10....just saying