Friday, August 2, 2019

A crash wave is possible in August 2019

In my last public 6/24 post, I was looking for a 6/21-24 swing High.

Forecast from 6/25 Raj T&C Daily Email: "From 6/21H, we then decline into 6/26L,  then rally into 7/2-3  T&C Cluster High."

Actual: We saw a 6/21H and declined 51.16 SP's into 6/26L (#1 on chart below) and rallied 82.85 SP's into 7/3H (#2).


Forecast from 7/11 Raj T&C Daily Email: "The current bias is from the 7/9L, we rally into 7/12-15H.  We then decline into 7/19-22 T&C Cluster"

Actual: From the 7/9L, we rallied 54.36 SP's  into 7/15H (#3) and declined 44.71 SP's into 7/18-19L (#4).

Forecast from 7/24 Raj T&C Daily Email: "from the 7/18L, we rally into 7/24 quadruple Time Cluster. From there we decline into 7/26L, rally into 7/30H and then decline into 8/5L"

Actual: We rallied into 7/24H (#5), decline into 7/25L ( A), 1 day earlier, made a 7/26-29H (B), 1 day earlier and we should now decline into 8/5L (C).


For many months now, we had the 4 year cycle looking for a sharp decline in August 2019.

For more than a year now, the Master Cycle pinpointed August 2019 as a potential Crash wave Low.

The long term 8-10 year (since March 2009L and Oct 2011L) weekly channel resistance has proven to be formidable resistance.



The 1½ year red channel resistance (since 1/26/18), currently @ 3025 SPX was not breached as well. We declined below the 1 ½ month Cyan channel, confirming the 7/26 Geo time CIT High is in place.

 What's Next: We decline into the 8/5 Time and Cycle Cluster and make a swing Low, but be alert we could see a sharp crash like decline in the coming weeks.



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