Yesterday's 7/27 forecast: We see a rally day on Fed day
Versus 7/27 Actual: We saw an even stronger rally day than expected.
Today's 7/28 Forecast: We see a decline day today.
Let's see how that plays out.
Raj Time and Cycles Daily Email is for both Stock market Swing traders and Day traders, trading the SP emini, ETFs, etc. Precise Master Timing makes all the difference! We use various proprietary Master Time & Cycle techniques to predict future Swing Highs and Lows+/-1,using Change in Trend (CIT) dates. For the Daytraders, we pinpoint the intraday CIT Times for the Highs and Lows +/- 5-10 minutes. We also use an intraday cycle technique that predicts the intraday Highs and Lows.
Versus 7/27 Actual: We saw an even stronger rally day than expected.
Today's 7/28 Forecast: We see a decline day today.
Let's see how that plays out.
Fri-Mon 7/8-11 Raj T&C Forecast: "If we rally into the 7/8 double Geo CIT, we will see a 7/8 High (#1), we then decline into 7/13-14L (#2) at the 7/13 Solar & Geo CIT and rally into 7/19H+/-1 (#3)"
Actual: Markets unfolded as expected as we made a 7/8H, declined into 7/14L and rallied into 7/20H, +1 TD so far.
On Jan 6 2022 and Jan 21 2022, we mentioned the various Time and Cycles, including the 980 TD Cycle looking for a 1/04/22 major swing High.
Evernsince that High, we saw a sharp decline, below long term red Trendline support, which now acts as Make or Break (MOB) Bull Bear TL resistance (1) on the current rallies.
We rallied into this long term trendline resistance at the 6/28 High at 3945.80 SPX, which remains MOB (Make or Break) Bull/Bear resistance to watch.
Conclusion & What's next: The long term MOB Trendline resistance is the Bull Bear divide to watch and we have rallied into 7/8 Time & Cycle cluster and double channel resistance.