http://www.safehaven.com/article/33907/may-22-23-swing-high
Forecast from last May 17-18 weekend: “The 5/16 Geo CIT was most likely the 5/15L and we are now headed higher into the 5/22 Solar CIT, where we could retest the previous 5/13 ATH, but remain in the 4 week channel”
Forecast from last May 17-18 weekend: “The 5/16 Geo CIT was most likely the 5/15L and we are now headed higher into the 5/22 Solar CIT, where we could retest the previous 5/13 ATH, but remain in the 4 week channel”
Actual: From the 5/15
Low, we rallied 34 SP’s into 5/22 High at 1896.33 SPX, retesting the 5/13 All
time High at 1902.17 SPX.
A few days down, followed by a few days Up, this has been
the non trending nature of the market for the last 5 weeks, frustrating Bull
and Bear alike and making it relatively difficult to trade for many. We remain
in this 5 week trading channel, with channel resistance at 1905 SPX and channel
support at 1868 SPX channel support. All trends are up, but whichever way it breaks this 5 week
channel will determine the next major trending direction.
What’s next: Swing Traders: We make a May 22-23 swing High
and start a decline soon after into the next major swing Low at the next Solar
and Geometirc Time and Cycle cluster.
Intraday traders: Intraday 5 min SPX Change in Trend (Highs
or Lows) Times to watch for Friday 05/23/14: 10.40, 11.05, 12.15, 12.40 pm Eastern.
2 comments:
Raj, it appears the May 22-23 swing high is invalidated?
Yes, as soon we rallied beyond 5/23, that was a miss.
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