Review: “Intraday 5 min SPX CIT Times 12/13/13: 10.20, 1.35, 2.20*, 3.55 pm”
Actual: 10.25 Low of day (LOD), 1.35 High, 2.20 retest Low, 3.55 High
Review: “Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L*, 3.50H. Friday sees a possible 9.40 Low+/-, rally to a 10.00 High at the 10.20 time CIT, decline to a 11.00 Low+/-30, rally to a 12.30 High+/-30, decline to 2.30 cycle Low at either the 1.35 or more likely the 2.20* CIT, we then rally to a 3.50 high at the 3.55 CIT.”
Actual: 9.40HOD, 10.25LOD, 1.35H, 2.25L, 3.30H The intraday cycle saw a last hour High as expected.
Intraday Time and Cycle Forecast Monday 12/16
Intraday 5 min SPX Time CIT (Change in Trend) Times are the pink vertical lines 12/16/13:
10.50, 11.25*, 12.00 pm Eastern
Intraday Cycle is the Cyan lines: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H
***All intraday Cycle times are usually +/-30, but at times it could be + /- 60 min***
Biases suggested below can and do change depending on actual Price unfoldment.
Monday sees a Low am to High pm day (or Inverse), with a possible 9.40 High+/-, decline to a 10.30 cycle Low at either the 10.50 time CIT or more likely the 11.25 CIT and possible Low of day, rally to a 12.45 cycle High at the 12.00 CIT, decline to a 1.40 cycle Low+/-30, rally to a 3.30 cycle High+/-30.
Speculative Path: (9.40H), 10.50L, 11.25*LOD, 12.00H, 1.40L, 3.30H .
Notes: The 5 min chart is in a potential bearish triangle, if broken would target the 1763 SPX area.
We need to watch the 11.25 Eastern time CIT Monday as a potential Low of the day.