Friday, January 6, 2012
The MC2 forecast for the next 3 trading days looks bullish
I received several requests (your feedback is appreciated) as to what the Master Cycle2 (MC2) is expecting next, so let us take a close up look at the next 3 trading days.
The Master Cycle2 (MC2) for the next 3 looks bullish, here is a day by day outlook:
1/5: The MC2 was looking for a short term 1/5 Low.
1/6: Tomorrow’s (1/6) intraday cycle is normally biased to be up, but the Master cycle2 (MC2) suggests both an up an down day, with a possible Doji day to positive close.
1/9: Monday's (1/9) intraday cycle is normally biased to be up and the MC2 agrees as it suggests a large up day, above the 10/27 Highs at 1293 SPX.
1/10: Tuesday (1/10) intraday cycle is normally biased to be lower and the MC2 agrees we close lower for the day.
Tuesday 1/10 is also the next Solar CIT (the last one was on 1/2, which was the 1/3 High).