Wednesday, March 1, 2017

Raj T&C Review and Forecast: Looking for a 3/1-2 Cycle High


From the 1/27 Raj T&C Daily Email: The Cycle bias is 1/26 major High, decline into 2/2L+/-1, 2/3H, chop into a 2/9L and see a retest of the Highs at the 2/10H”

From the 2/3 Raj T&C Daily Email: “As the dominant cycle is a Time Cycle, it does not predict Price magnitude, so we could see a higher or lower High at the 2/10H”

Actual: We made a 1/26 High, decline sharply into 1/31 Low and 2/2 higher Low, we then rallied into 2/3H, chopped lower into 2/8L, 1 day earlier and rallied above the 1/26H and beyond 2/10H. The dominant cycle (shown as the Cyan lines on the chart) worked well through Friday 2/10, when a High was expected, but when we rallied strongly to fresh ATH on Monday 2/13, the cycle was confirmed Non activeThe next day, on 2/14 evening Update, we made a forecast based on various Times and Cycles and E-waves (grey lines) looking for a continued rally into 3/1H.


From the 2/15 Raj T&C Daily Email: “The Cycle bias is we chop higher into 2/21H, decline into 2/23L and rally into 3/1H+/-1


Actual: The markets unfolded as expected, with a 2/21H, 2/24L and we are now rallying into a 3/1 Cycle High.

What’s Next:  The forecast since 2/14 has remained on track for more than 2 weeks now. The recent rally since the 11/4/16 Low has been typical of a wave 3 rally, strong and relentless. We are still expecting a rally into 3/1-2 cycle High at the 2/28 Geo CIT or 3/3 Solar time CIT and start a retrace.

5 comments:

tradingdaze said...

Ian,

Sun conjunct Neptune, Jupiter opposition Uranus then Venus retrograde.

We should have a change in trend over the next few days.

Gord

SJ said...

very good, Raj.

Jim said...

Thanks as always for sharing your work.

Raj Time and Cycles said...

Thanks Gord, that makes alot of sense and supporting the 3/3 Solar Time CIT.

You're welcome SJ and Jim, Please note this is not Investment Advice, so please take it Fwiw.

Raj Time and Cycles said...

From last night's email: "The intraday cycle tomorrow 3/1 sees an Inversion day that has a high 79% chance we see a 1st hour cycle High.

We saw a 1st hour High as expected. We now have a 68% chance we see a last hour High.

SPX intraday Time CITs 3/01/17 to watch: 11.25, 12.30, 2.20, 2.55 pm Eastern