Forecast: form our last public post, I was looking for "an 8/7 Lunar Eclipse High and a decline into 8/11L+/-1 Day."
Actual: We saw an 8/8H, 1 day later and saw a sharp 53 SP decline into 8/10-11 Low into the 94 TD Cycle of Lows as expected.
Daytraders:
The intraday cycle for Friday 8/11 sees a 1st hour High, midday High and last hour High
We saw a 9.50L and a 10.50 1st hour High.
So, what's next?: We
touched long term channel support on the Emini SP at this morning's
8/11 Low. We should now see a strong rally, although there is another
(higher) Low at the 8/15 Geometric time CIT.
2 comments:
Hi Raj,
Was today enough to justify you cycle low of 8/15?
Also, how high do you think SPX can rally from here?
Rajacar @TimeandCycles 8/22/17
The strong rally this morning confirms the 8/18 double CIT & 8/21 Solar Eclipse was an 8/21 Low. We are back above long term channel support
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