Intraday Time and Cycles Tuesday Dec 17, 2013

 1.00 pm Eastern T&C Update

 

The midday high is lower than the 1st hour High, which suggests weakness into the last hour High.

We are still in the 12/16-17 Solar CIT window, so only if we decline below 1772 SPX today, will we see 1760 and 1745 SPX.

The downtrend line remains critical for the Bull/Bear Scenario short term.

Short term looks like a 5 min Bull flag, but we would need to break above the DTL at 1786 SPX to confirm a bullish break-out, which is not likely today.

Tomorrow's intraday sees a 1st hour Low and bias to be lower.

It is also the 1st Fed day and there is an 11.15 am Apex CIT.

Intraday 5 min SPX Time CIT 12/17/13: 9.35, 10.30, 11.25, 3.45 pm Eastern

Actual: 9.30 High, 10.40 High, 11.30 Low

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L, 3.50H

Actual: 9.30 High, 9.55 Low, 10.15 High, 11.30 Low, 12.55 High (in progress)

 

=============================================================== 10.25 am Eastern T&C Update

Good Morning,

Welcome to day 2 of OE crook's week.

As yesterday was an Up day, today will tend to be a consolidation or down day. 

The 5 min downtrend Line is acting as Key resistance at 1789-90 SPX and should be watched closely. 

If it holds, it would give a bearish bias and a solid rally above it, is bullish.

As yesterday' intraday cycle was not crystal clear, we will watch today for more clues, so far we have seen a 9.55L and 10.15H.

The 9.35 Time CIT was a 9.30 High, next is 10.30 am CIT.

Intraday 5 min SPX Time CIT 12/17/13: 9.35, 10.30, 11.25, 3.45 pm Eastern

Actual: 9.30 High,

Intraday Cycle is the Cyan lines: (9.40L), 10.00H, 11.00L, 12.30H, 2.30L, 3.50H

Actual: 9.30 High, 9.55 Low, 10.15 High (in progress)

Tuesday sees a possible 9.40 Low at the 9.35 CIT, rally to a 10.00 cycle High at the 10.30 CIT, decline to a 11.00 cycle Low at the 11.25 CIT, rally to a 12.30 cycle High+/-30, decline to 2/30 cycle Low+/-30, rally to a 3.50 cycle High at the 3.45 CIT.

Intraday Mebob Buy above 1778.50 /ES (Dec Emini SP)

Intraday Mebob Sell below 1776.75 /ES (Dec Emini SP)