From last week 3/08 weekend Report: "OE weeks tend to be bullish. Statistics suggests any decline should be
limited in OE week and above 1520 SPX by 3/15-18. Markets are also close
to expanding triangle and channel resistance at 1555 SPX, so a pullback
into 3/12 Solar CIT is expected, followed by a rally into 3/18H at
1560-65 SPX"
Actual: Markets rallied to a 1556 SPX High and saw the expected 1 day pullback into 3/12 Solar CIT Low, before rallying to higher highs today.
What's next?: We should continue the rally into Monday 3/18 quadruple CIT High. Mercury also goes direct on 3/17. The 6 Lunar Month Cycle supports the rally into 3/18-19.
In my 3/5 blog post I mentioned this Flash Crash (FC) statistic:
7 out of 9 (78%) of the Flash Crash Cycles saw sharp 12%
declines, 2 of 9, 22% did not see any decline.
Here is some more information on the FC cycle:
The 5/6/10 mini Crash became known as the Flash Crash. I discovered this cycle in 2010, when the Flash Crash occurred, which is why I named it the Flash crash cycle. This Cycle has been in the markets ever since the mini crash of 4/14/00 Low. The FC Cycle is a 1-2 year long fixed cycle, it will have a normal variance of a few weeks to a month. Once the Highs are in, we should see the FC Cycle decline, with a minimum 7% (110 SP's) to an average of 12% (187 SP's) decline which could even spillover into April.
3/17 Update:
I first mentioned the Flash crash Cycle on Feb 26 2013 and that it was due in March 2013.
http://timeandcycles.blogspot.com/2013/02/the-flash-crash-cycle-is-coming-soon.html
I was looking for a very important turning point at Monday's shorter term quadruple 3/18 CIT, which was 1 TD earlier at the Friday 3/15 High.
This reminded of the rare 3 long term geometric SPX CITs covering Decades, all clustering on one date, Friday 6/1/12, which was 1 TD later at the Monday 6/4/12 Major Low
There are Five of those seven Flash Cycle (FC) Harmonics that are EXACT within 0-2 days at the 3/15/13 High. The accuracy is simply amazing.
I will post the entire analysis after the FC cycle has completed its course.
3/19 Update:
As the 1-2 year Flash Crash Cycle is a Fixed Cycle, it will have a +/- few weeks to a month variation. This means the FC Cycle could manifest in APRIL.
I have a more active dominant cycle that is more precise with the next Highs and Lows that tells me that will be the case.
3/21 Update:
There are 2 cycles I am currently watching, one is the FC fixed Cycle that is +/- a few weeks to a month