Intraday Time and Cycles Updates Wednesday Dec 18, 2013

3.10 pm Eastern: Final Update of the Raj T&C Free week

We are rallying into a last hour high as expected.

Today's Fed announcement looks like a Low instead of a High. (yellow Lines on the hourly chart).

This will be my last Update for the Free week.

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We wish everyone Happy & Healthy Holidays.

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  2.20 pm Eastern T&C Intraday Update

Fed cuts bond-buying but stresses easy policy

Fed tapers by $10 Billion dollars, which led to a spike lower to 1767.99 SPX for 5 minutes at the 2.00 pm cycle Low, but will continue to ease, which led to the sharp rally afterwards, above the Make or Break trend line resistance at 1783-84 SPX, which is bullish.

We should still see a last hour High.

Intraday 5 min SPX Time CIT 12/18/13: 10.10, 11.05 Apex, 1.15*, 1.45, 3.25 pm

Actual: 10.15 High, 11.00 High, 1.16 Low, 1.35 Low,

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H

Actual: 9.40H, 9.55L, 10.15H, 10.55L, 12.30H, 1.15L, 2.00L

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10.20 am Eastern T&C Intraday Update

Good Morning,

Welcome to the last day of our free week, we hope it has been enjoyable, informative and profitable.

The intraday cycle sees a 1st hour High and normal bias to be higher.

Also as yesterday was a down day, today will tend to be an Up day.

We have seen a 1st hour High so far today and are just above the 1784 SPX down trend line, which would be bullish if we stay above it.

Today is Fed decision day, which has often marked short term Highs in the past 6-7 months, within 1-2 days, as can be seen as the yellow vertical lines on the SPX hourly chart.

Intraday 5 min SPX Time CIT 12/18/13: 10.10, 11.05 Apex, 1.15*, 1.45, 3.25 pm

Actual: 10.15 High

Intraday Cycle is the Cyan lines: (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H

Actual: 9.55 Low, 10.15 High (In progress)

Wednesday sees a possible 9.40 Low+/-, rally to a 10.30 cycle High at the 10.10 CIT, decline to a 11.15 cycle Low at the 11.05 Apex CIT, rally to a 12.20 High at the 1.15 CIT, decline to 2.00 cycle Low at the 1.45 CIT, rally to a 3.40 cycle High at the 3.25 CIT.

Intraday Mebob Buy above 1778.25 /ES (Dec Emini SP)

Intraday Mebob Sell below 1777.00 /ES (Dec Emini SP)