Forecast from 11/7 Update: "we are rallying into the 11/7 Solar CIT suggesting a 11/7H forming. From there we see a choppiness and a decline into the next Monday 11/13 Geo CIT, bounce into 11/15 Solar CIT"
Actual: From the 11/7 Solar CIT High, we declined into 11/14L at the 11/13 & 11/14 Geo & 11/15 Solar time CIT, touching key Cyan channel support. We should see a decent rally phase from here into the next Time CIT.
Intraday Cycle is the Pink lines (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H
Actual: From the 11/7 Solar CIT High, we declined into 11/14L at the 11/13 & 11/14 Geo & 11/15 Solar time CIT, touching key Cyan channel support. We should see a decent rally phase from here into the next Time CIT.
What's next: We bottom at the 11/13-15 triple CIT and start a rally.
Intraday Time and Cycles for Nov 15
Intraday 5 min SPX CIT Times 11/15/17: 10.30, 11.20, 12.45, 1.40A, 2.55hrl, 3.40 pm Eastern
Intraday Cycle is the Pink lines (9.40L), 10.30H, 11.15L, 12.20H, 2.00L, 3.40H
Wednesday sees
a possible 9.40 cycle Low+/-, rally to a 10.30 cycle High at the 10.30 time
CIT, decline to a 11.15 cycle Low at the 11.20 time CIT, rally to a 12.20 cycle
High at the 12.45 time CIT, decline to a 2.00 cycle Low at the 1.45 Apex &
2.55 hourly time CIT , rally to a 3.40 cycle High+/-30 min.
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