8/27L, next 8/30 short term High..

From the 8/27 Low, I was looking for an 8/30 High, which was a weak High that was seen in Globex.

Sofar we have a triple bottom today, if that holds it would be bullish, but if we take it out, the E waves would suggest 1 more new Low could be seen this week. 

Lows are in

Here is what I had yesterday:

"The APEX of the daily Wedge is due on 8/27-30. Tomorrow should see a SPIKE Lower (than 8/25 Low) and reversal Higher. Ideal Target 1026 SPX +/-5, but any lower low should be good enough.

8/17 and 8/23 were both a Timing CIT and Cycle High. The next Time and Cycle Cluster Low is due on 8/27-30 Major Lows."

Beside that I had a geometric CIT today, while the dominant Cycle I have been watching was been followed Day for day, with yesterday's reversal Lowe and today's reversal Higher.

Markets spiked to a marginally lower Low satisfying the 8/27 Time and Cycle Cluster.

We should close on our highs today.

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Quick Update on the dominant Cycle:

Quick Update on the dominant Cycle:

 Markets have been following the dominant cycle I am watching, ie 8/25 intraday Low and reversal high into the close and today we turn back down and down into 8/27 Lows. 




Notice how the APEX of the hourly wedge arrived at the 1st hour today as a HIGH. The APEX of the daily Wedge is due on 8/27-30.

Tomorrow should see a SPIKE Lower (than 8/25 Low) and reversal Higher. Ideal Target 1026 SPX +/-5, but any lower low should be good enough.

8/17 and 8/23 were both a Timing CIT and Cycle High. the next Time and Cycle Cluster Low is due on 8/27-30 Major Lows.
 

Please note:

This T&C blog in the near future, will be Open to only those that register their name and email address with me. Please email me at timeandcycles@gmail.com to get your approval.

This T&C Blog will be open to only those that register their email address

This T&C blog in the near future, will be Open to only those that register their name and email address with me.

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The dominant Cycle: 8/17 High of the week, 8/23 lower High, final decline to 8/27-30 Major Lows

The dominant Cycle: 8/17 High of the week, 8/23 lower High, final decline to 8/27-30 Major Lows.

From  T&C Daily email:

The dominant cycle had an 8/17 Major High and a decline and bounce into 8/23 lower High, which was confirmed by 8/23 being a double CIT High, both a geometric (60-70% accurate) and a Solar CIT (84-90% accurate). From the 8/23 High we should see a relative sharp decline into the next Major CIT cluster on 8/27-30 weekend CIT, which includes an 8/29 Solar CIT, a double MTC on 8/28-29 and an Apex of the wedge doe 8/27-30. This should be a Major Time and Cycles Low, completing a 5-3-5 Ewave ZigZag from the 8/9 Highs to the 8/27-30 Major Lows"



Intraday Update today:

"1056-57 SPX is the 7/20 swing Low and the 62% retrace. Below that we should retest the 7/1/10 Major Lows and see new Lows."
 
Globex is pointing to a -13 SP open, below 1052 on the futures, a close below 1056 SPX would be bearish and confirm the highs are in on 8/23 lower High and wave 3 or C is underway into 8/27-30 Major CIT.

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The dominant Cycle had the 8/17 double CIT as High of the week

The dominant Cycle had the 8/17 double CIT as High of the week.  I should have stuck with the original call for an 8/17 High of the week, which proved correct after all. 

OE week often messes and confuses the short term cycles, but we should still see a short term rally into the next geometric and Solar CIT.

We have 5 down from 8/9H to 8/16L, which is why I thought the 8/17 double CIT was a 8/16 Low. I was expecting a stronger wave 2 bounce, but we did retrace 50% into 8/17 Highs.

Update: 8/16 Low confirmed

The 8/17 Daily CIT was the 8/16 Major Low. 

The 1.50 hourly CIT on 8/17 I had was the 1.40 High of the day and the last hourly CIT was a Low.

This rally should continue the rest of OE week.  

Bears beware!

Time for a rally?

Hindenburg Omen Crash, Crawford Crash, Nenner calling for a Crash, etc. etc. Bears all over the place. Is it time for a rally?

I had an 8/17 double Geometric and Solar CIT, ideally today should be a Low, before we rally the rest of this Option Expiration week.

Intraday today, we should see a 1st hour High today and decline to a midday Low of the day, where I have an hourly CIT. There is also a possible hourly CIT near the close today/Open tomorrow that could be the Low.

What really happened on Friday 7/30/10?

What really happened on Friday 7/30 was that it was a Time and Cycle cluster Low.

TIME: There was both a Geometric and Solar CIT on 7/30 and we declined into it, making 7/30 an Ideal Low and reversal day.

Cycle: The dominant Cycle was projecting a 7/30-8/2 Low, which was the 7/30 Low.

So What's next??

TIME: The next double CIT cluster is a geometric Daily CIT on 8/5-6 and a Solar CIT on 8/5.

Cycle: The dominant Cycle projects 8/5-6 as the next short term swing HIGH from the 7/30 Cycle Lows.