1/17-18 swing High

1. We had an important 1/13 SPX Geo time CIT that was the 1/17H, 1 TD later in the 1st hour High of the day.

2. We had an important 1/18 Apple double Geo Time CIT today, along with a 1/18 Mercury Direct & 1/19 Solar time CIT. Apple made a swing High, saw a reversal & close lower and as Apple is a market leader it dragged the SPX Indices along with it.

3. Tesla hit key red Fork down channel resistance and reversed sharply lower today. Notice the last 2 rallies were 6 TD, today was Day 7.

4. The intraday Cycle was an intraday Delta classical "High am to Low pm" day, ie we saw a 1st hour High of Day and a last hour Low of day.

5. What's next?: We are now lower in the next Time & Cycle Cluster.

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Narrow Trading Range & Tesla in steep down channel

 

We have been a narrow choppy, sideways trading (green channel) range the last few weeks, whichever direction we break this channel is the next major directional move.

The Intraday cycle today had a 79% chance we see a 1st hour Low, which we have seen (pink lines) and we are biased lower, with a 68% chance we see a last hour Low. 

Tesla is in a steep down channel and touched resistance yesterday (arrows). 

Possible Ewaves are shown in the chart.