SPX weekly is close to double Trend Line Resistance.
The 63 hourly Cycle (see previous post) was the 1st hour High today.
The 63 hourly Cycle (see previous post) was the 1st hour High today.
There is a triple Junction Point of Trend lines at the 12/3 week, right where the next Square from 7/18/06 is due (12/4).
That is where the red arrow is pointing to on the linear chart shown here.
That is where the red arrow is pointing to on the linear chart shown here.
6 comments:
Hi I'm having trouble figuring out what a TL is and a JPTL..can you please provide those definitions?
Many thanks
Sorry,
I will change it on the blog as well.
TL = Trendline
JPTL = Junction Point of trend Lines
what is implication of the triple junction into 12/3 ?
12/3 week should be an important turning point or acceleration point.
Tx for your quick response. Are you leaning bearish for the current term or bullish?
The Master Cycle has yet to top out. that is all I can say for now.
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