A Major secondary High is coming up!

From my Sunday 5/20 public post:"We have declined into the 5/18-21 Lunar Crash window Low, with Friday 5/18, New Moon -2 being the ideal lunar Low and close to Monday's 5/21 Solar CIT, which was targeting 1290-93 SPX H&S Target, Bear Flag Target, Tunnel Price Target and the 10/27/11 wave 1 High, which were all achieved at Friday's 1291.98 SPX intraday Low...We also have 2 squares that were due on 5/16 and 5/18, suggesting a short term Low at any time"

Result: We saw a 5/18 Low.


From Monday's 5/21 Raj T&C Daily Email: "Shorter term, we should see a 1-2 day bounce into 5/21-22, then retest the recent Lows by the 5/23 geometric CIT, before we head strongly higher into XXX Major triple Cluster"

Result: We saw a 5/22 High, sharp retest 5/23 Low and have rallied today 5/24 as expected.

So, what's next? We should see continued volatility, with choppiness directly ahead and then rally into my long standing Triple Time & Cycle Cluster major secondary High. From that High the powerful decline should resume with a vengeance.  Be prepared.

 

Short term Low due, but decline is not over yet

There is a Triple Fibonacci cluster support, right below current prices at 1286-1291 SPX.

1. 61.8% retrace from the 12/19/11L to the 5/1/12H is 1286.41 SPX.
2. 50% retrace from the 11/25/11L to the 5/1/12H is 1290.52 SPX.
3. 38.2% retrace from the 10/4/11L to the 5/1/12H is 1289.59 SPX.

Further more, counting from the 5/1/12 High, if wave 1 = 72.19 SP's = wave 3 = 1293.68 SPX

We have declined into the 5/18-21 Lunar Crash window Low, with Friday 5/18, New Moon -2 being the ideal lunar Low and close to Monday's 5/21 Solar CIT, which was targeting 1290-93 SPX H&S Target, Bear Flag Target, Tunnel Price Target and the 10/27/11 wave 1 High, which were all achieved at Friday's 1291.98 SPX intraday Low.

We also have 2 squares that were due on 5/16 and 5/18, suggesting a short term Low at any time, perhaps we see a spillover decline into Monday 5/21.

I was looking at the current Vedic planetary Transits

Today 5/20 is a Solar Eclipse in the Vedic sign of Taurus. 

From 5/21 at 11.40 - 5/22 at 5.40 pm, We will have an unusual 6 of the 9 planets, Sun, Moon,  Jupiter, Mercury, Venus and Ketu (Moon's South Node), conjoined and concentrated together in the Vedic sign of Taurus.

This often is an important time to watch in one's life and the markets.

The intense and immense concentration of Planetary Power will have an impact in a specific area in one's life, depending in which house (area of Life) Taurus is placed.  In general, during eclipses, the Jyotishis recommended to be more inward and silent.

Review of the last week and today's intraday Time and Cycles

In the last post, I was looking a for potential crash into OE week. http://timeandcycles.blogspot.com/2012/05/cause-for-crash-this-oe-week.html "Crashes are rare events, so caution is warranted with the following analysis... If we see a Panic wave develop in the next 1-2 weeks, it should ideally be into 5/18/12, the New Moon -2 CD."

Actual: We saw only a Mini Crash this past week, as we are down -48.53 SP's  from last week's close at the opening today's 5/18 New Moon - 2 Date.

Overnight Globex dropped to lower lows as -7.75 at 1293.50 June SP around 12.40 am, then slowly recovered 14 SPs into +6.00 at the moment.

Was the Globex Low, the Low of the New Moon-2 move? It is possible, as the markets are extremely oversold and the Facebook IPO is causing some temporary optimism, that should keep the markets afloat today.



Intraday 5 min June SP CIT (Change in Trend) Times 5/18/12: 10.00, 1.00 Apex, 3.20 Eastern

The intraday bias today is for a 10.00 CIT High, down into 11.40 cycle Low+/-30 and perhaps into 1.00 pm Apex CIT LOD, then there is a 68% chance we see a rally into the last hour High at the 3.20 CIT.

Daily channel support is around current prices at 1300-1304 SPX (see chart). Daily Resistance is at 1325 SPX. 

A rally above 5 min down channel resistance at 1308 June SP is short term bullish.

Ideally we retest yesterday's lows today, but as we are overdue for a 1-2 bounce, we should see an oversold rally into the 5/20 Lunar Eclipse and 5/21 Solar CIT.

Cause for a Crash this OE week?

These comments were posted in the daily Email the last 2-3 weeks:

"In my 2012 forecast, it was noted that 11/13/12  is one of the dates to watch as it the Mahalaksmi's date, the Natural Laws governing wealth (aka as Carolan's Dark date), where 3 major crashes ended in the past, 10/29/29, 10/20/87 and 10/28/97, which were all a few days before the Mahalaksmi date due this year on 11/13/12.

There are 2 eclipses coming up that we need to be aware of: 5/20 Solar Eclipse and 6/4 Lunar Eclipse, as the lunatics can manifest around this time and Panic can set in, perhaps in the troubled European countries.

5/20 Solar Eclipse is exactly 180 degrees from 11/13 Solar Eclipse and if we see a Panic wave develop in the next 1-2 weeks, it should ideally be into 5/18/12, the New Moon -2 CD."

Globex is currently lower by -12, suggesting we will drop below the 1340 SPX Trapdoor to hell (Yellow line, click on chart to enlarge) and go in Panic mode, unless ofcourse we bounce right away, after the opening Price.

 

Crashes are rare events, so caution is warranted with the following analysis.

Eversince the conjunction of Mars and the Vedic Dragon, Rahu (Moon's North Node) on 4/30/12 (5/1/12) major secondary High, we have been in a steep decline.

The 1987 close correlation, noted by George Slezak and others, saw a 10/7/87 Lunar Eclipse, that then crashed into its Option Expiration (OE) week and into a few days before the Mahalaksmi New Moon.

We are in this Option Expiration week, exactly 180 Lunar Months from the 10/28/1997 Mahalaksmi Crash Low, and a few days before the 5/20 New Moon and Solar Eclipse (SE).

This 5/20/12 Solar Eclipse is exactly 180 degrees from the 11/13/12 MahaLaksmi (Natural Laws governing wealth) New Moon Date, aka as Carolan's Dark date, which has been associated with past crash lows of 10/29/29L, 10/20/87L and 10/28/97L.

Geometric CIT Times to watch this week: 5/15-16 Triple CIT

5/16 is also 720 TD (2X 360) from the 7/8/09 Major Low

New Moon - 2 = 5/18/12
Solar Eclipse: 5/20/12
Solar CIT: 5/21/12, the last 5/11 Solar CIT was the 5/10 High
Geometric CIT: 5/23/12

Is it possible that the 2 Billion JP Morgan http://www.huffingtonpost.com/2012/05/14/jpmorgan-chase-2-billion_n_1514884.html (ruler of the crooks) loss will unravel the markets in this OE week, right before the opposition of the Mahalaksmi date?

 

Review of the last week and what's next?

From last weekend's Email: "The MC1 predicted a 6 TD (trading days) rally from the 4/23 Low into 5/1 High and now suggests lower lows into 5/8-9L. From there we should rally into OE week"

Actual: We saw from the 5/1 High, a sharp decline into 5/9 Lows. 

What's next? Globex futures suggests another strong down opening into today's 5/11 Solar CIT and 3/25/11 Symmetry Cycle Low (click on chart to enlarge). It will be  interesting to see if we make a lower or Higher Low wrt to the 5/9 MC predicted Lows. All bets are off for next week's Option Expiration week, if we do make sharply lower Lows today, it should be fun to watch.