Markets have been in a volatile 180 SP's sideways channel for the last 7 weeks now.
The last hourly time Geometric CIT (Change in Trend) was the 5/18 High of day and we saw a decline the next day into the close.
The next hourly time CIT is due:
1. 5/27 at 11.40-12.45 pm Eastern and
2. 5/29 at the close.
Please remember, the hourly time CIT are short term time CITs only as opposed to the long term daily time CITs. The hourly time CITs could turn into longer term Highs or Lows if other Time and Cycles agrees. The Geometric Time CITs are 70-80% accurate, ie 20-30% of them won't work. It is best to combine them with various other Time and Cycle Techniques to give a higher degree of accuracy.
Conclusion: The next 2 hourly time CITs should cause increased Volatility in the coming week.
The last hourly time Geometric CIT (Change in Trend) was the 5/18 High of day and we saw a decline the next day into the close.
The next hourly time CIT is due:
1. 5/27 at 11.40-12.45 pm Eastern and
2. 5/29 at the close.
Please remember, the hourly time CIT are short term time CITs only as opposed to the long term daily time CITs. The hourly time CITs could turn into longer term Highs or Lows if other Time and Cycles agrees. The Geometric Time CITs are 70-80% accurate, ie 20-30% of them won't work. It is best to combine them with various other Time and Cycle Techniques to give a higher degree of accuracy.
Conclusion: The next 2 hourly time CITs should cause increased Volatility in the coming week.
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