Within the 47 TD Cycle, we have the amazingly consistent 34 TD Cycle (blue Lines) that was the recent 5/16H
The 5/18 Apex of Triangle CIT& 19 TD Cycle of Lows, suggests a 5/18 Low is in and we rally short term, Lets' see if 5/16H@2405.77 holds.
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Follow our updates at: https://twitter.com/TimeandCycles
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https://twitter.com/TimeandCycles Intraday Updates 5/22/17
Daytraders: The intraday cycle sees a 1st hour High, midday High and last hour High.
Intraday 5 min SPX Time CITs: 11.15, 12.30 pm Eastern
If the midday High is higher than the 1st hour High, it suggests a last hour highest High and Vice Versa.
We saw a higher midday High, suggesting a last hour highest High.
We have a Gap and Go SU day, giving a 90% chance we see a last hour HOD.
SU = Stuck Up, HOD = High of Day.
If we can rally & stay above 2394.61 SPX, we should fill the 2400.67 SPX Gap and retest the All time Highs
If we are unable to rally and stay above the 2384.61 SPX resistance, it is bearish.
Tomorrow's intraday cycle is biased lower.
RIP....
http://m.legacy.com/obituaries/theledger/obituary.aspx?n=william-david-blount&pid=185602300&referrer=0&preview=false.
In heaven....we will laugh about it all....
:)
Thanks Monsao, Bill was a good friend and he sent me his research daily.
Read his work on Avid Trader years ago....a musical tribute:
https://youtu.be/YBVnKYOvWcs
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