Friday, July 25, 2014
Raj Time and Cycle Review and Forecast
In my last public post, I was looking for a 7/10-11 Low. http://timeandcycles.blogspot.com/2014/07/forecasted-73-high-decline-into-710-11.html
Forecast (1) from my July 11 Report: “After the 7/10-11L, we rally into OE crook’s week into 7/16 Solar and Geometric CIT High of the week”
Actual: We made a July 10 Low and rallied 32.75 SP’s into a 7/16 High. From there we saw a sharp decline afterwards.
Forecast (2) from the 7/19 weekend Report: “The bias has shifted that the 7/16 CIT was the 7/17L and we will rally into the 7/24 double Geometric CIT and the 70/140 TD and 270 TD Cycle due 7/22+/-wk. Any rally above 1986 SPX targets the 2000 SPX area.”
Actual: From the 7/17 Low, we rallied to All time Highs at 1991.39 SPX into 7/24 double Geometric CIT Highs.
What’s next: We should make a July 24-25 High that could stretch into Monday's July 28 Solar CIT and start a decline. We have a double long term monthly SPX resistance (see chart above) for July at the 2000 SPX area.
Posted by Raj Time and Cycles at 8:04 AM