http://www.safehaven.com/article/34287/time-and-cycle-review-and-forecast
Review: The 6/2
T&C Cluster CIT from my last public post was a minor 6/2 Low.
We didn’t see any reversal lower, so shorts were not
triggered.
Forecast from the
June 7 weekend report: “Odds are good we will see higher highs Monday, 6/9. A
couple of arguments for a 6/6-9 swing
High: 1. Fibo: 10/11/07H-4/26/10H= 928 X 2.618 = 2430 CD +10/11/07H = 6/6/14. 2. The 423 hourly Cycle is due
near the close 6/6 to open 6/9. 3. Mercury goes Retrograde on 6/7, often a CIT.
From this 6/6-9 High, we should see a brief sharp decline into 6/11 Solar CIT. We expect a decent pullback of at least 30 SP’s (1930 SPX) to even 50+ SP’s to
the 1900 SPX+/-10 area, before we bottom.”
Actual: We made a 6/9
swing High and saw a 30 SP decline into 6/12
Solar CIT Low of the week, before the rally into Option Expiration week.
Forecast from the June 19 report: “The 6/22 Solar CIT (change
in Trend) is biased to be a 6/23 High
and targets major Long term channel
resistance at 1966-68 SPX.”
Actual: We rallied
into Monday 6/23 High, with an intraday Friday High of 1963.91 SPX so far.
The 35 week cycle has produced major Highs and Lows in the last 5 years: 3/6/09L-35 week-
11/2/09L-34-7/1/10L-33-2/18/11H-33-10/4/11L-35-6/4/12L-38-2/28/13-32-10/9/13L-37-6/27/14+/-.
The 333 TD/69 wks/484 Cycle has produced
major Highs and Lows since the last 8 years :
7/18/06L-325 TD-10/31/07H-338-3/06/09L-332-07/01/10L-335-10/27/11H-332-2/26/13L-333 TD-
6/23/14+/-. The 333 TD or 69 wk cycle is double the 35 wk cycle and
suggests a major CIT around 6/23/14+/- week.
What’s next: We make a
6/23 swing High. As all trends are up, we need a clear reversal lower no later than tomorrow to
confirm this. We will then decline into my next upcoming Time Square, Geometric and Solar CIT major Cluster.
6/25 Update: "As all trends are up, we need a clear reversal lower no later than tomorrow (6/24) to confirm this"
We finally saw a nice reversal lower yesterday, confirming a short term High is in.
We need to see a follow through decline to get a larger decline going.
6/25 Update: "As all trends are up, we need a clear reversal lower no later than tomorrow (6/24) to confirm this"
We finally saw a nice reversal lower yesterday, confirming a short term High is in.
We need to see a follow through decline to get a larger decline going.
