Wednesday, February 10, 2016

Intraday Time and Cycles for Feb 10, 2016


Intraday 5 min SPX CITs 2/10: 10.30, 12.55, 2.35 pm Eastern, all +/-5-10 minutes
Intraday Cycle 2/10: (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H Eastern, all +/- 30 minutes. 

Bias is we see a Bullish Up day today and if by Noon we are higher than the 1st hour High, we have an 80% chance we see a last hour highest High. Tomorrow is biased lower.


11.00 am Eastern Update:


Good Morning,

All eyes are on Janet yellin's semiannual   HUMPHREY HAWKINS  testimony today and tomorrow since 10.00 am.

http://www.bloomberg.com/markets/economic-calendar


Daytraders: The intraday cycle sees a 1st hour 10.30 High, midday High and last hour High.

We gapped higher to a 10.35H, above the up channel and 1873 SPX resistance and have since retraced to 1863 SPX.

If we see a higher Midday High, above 1881.60 SPX, it indicates strength and we will have a (normal) 80% chance we see a last hour Highest High.

If we see a lower Midday High, below 1881.60 SPX, it indicates weakness and suggests we see a last hour lowest High and lower Low.


Intraday 5 min SPX CIT Times 2/10/16: 10.30, 12.55, 2.35 pm Eastern

Actual: 9.45L, 10.35H

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

Actual: 9.45L, 10.35H, 11.10L

Tuesday sees a possible 9.40 cycle Low+/-, rally to a 10.30 cycle high at the 10.30 time CIT, decline to a 11.15 cycle Low+/-30, rally to a 12.20 cycle High at the 12.55 time CIT, decline to a 2.00 cycle Low at the 2.35 time CIT, rally to a 3.40 High+/-30.

Intraday Mebob Buy above 1866.50 /ES (Mar Emini SP)

Intraday Mebob Sell below 1861.50 /ES (Mar Emini SP)




2.30 pm Update: Update 2
Intraday 5 min SPX CIT Times 2/10/16: 10.30, 12.55, 2.35 pm Eastern

Actual: 10.35H, 1.05H

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

Actual: 9.45L, 10.35H, 11.40L, 1.05H, 1.55L

The markets have been choppy since the 1st hour High, and still in an Up wave and we should still see a last hour High.

Markets are staying within the 5 minute sideways to up channel, with resistance at 1873 SPX and 1887 SPX

Tomorrow is an Inversion day, with a 79% chance we see a 1st hour Low and a 21% chance we invert to a 1st hour High.

Yellin also speaking tomorrow should have an influence.

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