Wednesday, May 2, 2018

3 Upcoming Apex CITs to watch

Within the large contracting triangle, we are in a smaller contracting (brown lines) triangle, with 2685 SPX, resistance and 2630 SPX support. A break out (large move) of the smaller triangle is imminent. (green lines is the active cycle).

The pink vertical lines are Apex CITs (Change in Trend) that has worked well in the past (see chart). There are 3 upcoming hourly Apex CITs to watch closely on 5/3, 5/8 and 5/11, suggesting the choppiness should continue for a while longer. The Daily Apex CITs falls on different dates, which gives daily time CITs.

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