Thursday, December 12, 2013

Intraday Time and cycles 12/12/13

12/12/13 1.15 pm Eastern

Note: My Yahoo and gmail are having issues, so all updates will be posted publicly on this forum.
 



"If we manage to rally above 1783-84 SPX steep down channel on the 5 min chart, it would be short term bullish.
"
1783 SPX down channel resistance held and we took out the quadruple support at 1775-79 SPX, which triggers a sharper decline to 1760 SPX and 1745 SPX Head and Shoulder target. 
This might take a few days to accomplish into ideally the 12/16 Solar CIT Low..

We are seeing a High am to Low pm day after all, as we saw a  12.30 CIT Low.
The intraday cycle could only be confirmed after the midday Low (or High).
This means tomorrow sees a 1st hour High and a normal bias to be higher, but as the hourly trend has turned lower, we should see a down bias tomorrow as well.

Intraday 5 min SPX CIT Times 12/12/13: 11.55, 12.25-30 pm Eastern
Actual: 11.55 High, 12.30 Low

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L or Inverse: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H
Actual: 9.50 High, 11.15 High, 12.30 Low

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12/12/13 11.10 am Eastern

"If Tomorrow 12/12 is a Low am to High pm day instead, then all the above intraday cycles will be inverted"

We have seen a 9.45 High and a 10.20 Low suggesting a Low am to High pm day instead.
If correct then the intraday Cycles for the next 4 days are as follows:

Thursday 12/12 sees a Low am to High pm day

Friday 12/13 sees a 1st hour Low and bias to be lower.

Monday 12/16 sees a High am to Low pm day (or Inverse)

Tuesday 12/17 sees a 1st hour High and bias to be higher

Wednesday 12/18 sees a 1st hour Low and bias to be lower.

Please note: I will be posting all the emails from the free week at my public blog, http://timeandcycles.blogspot.com/, just in case you miss any.


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12/12/13 10.30 am Eastern
Good Morning,

We have declined right into quadruple Make or Break support at 1775-1779 SPX, with 1775.59 SPX intraday Low so far.
If we see a solid decline below this MOB support, we will see a sharper decline and see the 1760 and 1745 SPX targets 



Today is a High am to Low pm day or Inverse.

We have seen a 9.45 High and a 10.20 Low (so far),making it possible we are seeing  a Low am to High pm day instead.

If correct, the Low is in at the 1st hour (10.20) Low and we see a rally into a midday High (green Line)

We need to see more data to confirm either way.
Yesterday was an Inversion day, which can spill into the 1st hour today. Once today's intraday cycle is determined, the next 4 day's intraday cycles will be determined.
If we manage to rally above 1783-84 SPX steep down channel on the 5 min chart, it would be short term bullish.

Intraday 5 min SPX CIT Times 12/12/13: 11.55, 12.25-30 pm Eastern

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L or Inverse: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H

Actual: 9.45 High, 10.20 Low

Thursday sees a High am to Low pm day (or Inverse), with a possible 9.40 Low+/-, rally to a 10.30 cycle High+/-30, decline to a 12.30 cycle Low at either the 11.55 or 12.25-30 double CIT, rally to a 1.30 cycle High+/-30, decline to a 3.30 cycle Low+/-30.

Intraday Mebob Buy above 1779.75 /ES (Dec Emini SP)

Intraday Mebob Sell below 1778.25 /ES (Dec Emini SP)