Wednesday, March 23, 2022

Review D Cycle: 3/8L, 3/23H



Forecast from 2 weeks ago, from the 3/9 T&C Daily Email: "The D cycle is next looking for a 3/9-10L, which could have been the 3/8L. We should then see a volatile rally into 3/23H+/-"

Actual: From the 3/8L, we saw a massive 364+ SP rally into 3/22H at the T&C Cluster, at the 3/21 Solar time CIT and the 3/22-23 quadruple Apple time CIT.


The SPX rallied right into Major Red Trendline resistance at the 3/22H and has declined sharply this morning.


What's next: We see a 3/23H+/-2 but we need a reversal lower to confirm any Highs are in as all trends are Up.


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