From the 11/5 blogpost: "Shorter term, we have rallied into Tesla's 11/3-6 proprietary double Geometric time CIT (Change in Trend) High, while the Emini SP rallied right into down channel resistance. We should start a decent retrace into the next Time and Cycle cluster Low"
Actual: Tesla, one of the market leaders, followed the past week's forecast exactly.
From Tesla's 11/3-6 Geometric time CIT High, we declined into Tesla's 11/10-13 Geo CIT, which was a perfect trade, when we almost filled Tesla's 11/2 Gap at 205.66 this morning. Tesla's Low was 205.69 and a 65% retrace into the 11/10-13 Tesla's Geo CIT. However, Tesla may still need to decline more Monday if we close on our Highs Friday, then Monday's intraday cycle is biased lower.
Technically, Tesla's 113/-6 Geo CIT did not apply to the SPX, which I incorrectly assumed it would as the SPX has continued to chop sideways the last 5 TD into 11/10-13 Geo CIT.
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