Intraday Time and Cycles Review & Forecasts
Review Thursday 12/12/13: “Intraday 5 min SPX CIT Times : 11.55, 12.25-30 pm Eastern”
Actual: 11.55 High, 12.25 Low of Day (LOD). The 12.25-30 Double CIT was the Low of the day.
(Click on charts to enlarge)
Review: “Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 12.30L, 1.30H, 3.30L
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.”
Actual: 9.45HOD, 12.25LOD, 3.00H, 4.05L. The intraday cycle saw a High am to Low pm day, with a 1st hour 9.45 High of day and a last hour 4.05 Low.
Intraday Time and Cycles Forecast Friday Dec 13, 2013
Intraday 5 min SPX Time CIT (Change in Trend) are the red vertical lines 12/13/13:
10.20, 1.35, 2.20*, 3.55 pm Eastern
Intraday Cycle 12/13/13 is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L*, 3.50H
***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.
Friday sees a possible 9.40 Low+/-, rally to a 10.00 cycle 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.
Speculative Path: (9.40L), 10.20H, 11.00L, 12.30H, 1.35L, 2.20L*, 3.55H
Notes: as the Hourly and Daily Trends turned lower, it is expected that tomorrow's intraday cycle will have a bearish bias and we can see a 2.20 Time CIT potential Low of the day