On 5/3 on my public blog, I mentioned that “the
Flash Crash Cycle is due in late May 2020”
The 75
week/360TD/525 CD FC Cycle may have inverted to a 6/8/20 major High, which was
also at Long term red Channel resistance.
06/08/20H is:
04/14/00L
= 14 X 525.71 CD
09/21/02L
= 13 X 525.77 CD
03/12/03L
= 12 X 524.83 CD
08/13/04L
= 11 X 525.27 CD
11/21/08L
= 08 X 527.13 CD
05/06/10
FC= 07 X 526.57 CD
10/04/11L
= 06 X 528.33 CD
02/11/16L
= 03 X 526.33 CD
12/26/18L
= 01 X 530.00 CD
As mentioned before, at times the FC Cycle skips a beat, out of the last 14, 9 (64%) were direct hits and 5 (36%) were misses. It is possible it was a miss as 36% of them were misses, but if the 6/8/20H remains the High in the next few weeks, it becomes more likely that this 75 wk cycle was the 6/8/20H. The 75 week cycle is +/-2 weeks, 3/12/03L, 10/4/11L and 2/11/16L were 1 1/2- 2 weeks off.
Review of the last weeks:
From the 5/19 Email: “The 45 TD Hurst cycle Low was the shallow 5/14L at 2766
SPX, which was confirmed today at 37 TD Long and now projects an average rally
into 6/11-25H”
From the 6/2
Email: “Shorter
term, we see a 6/4 swing High, before we see a sharper decline into
6/11 WBOE Low”
Actual: From the 5/14 swing Low, the rally continued into the 6/8 swing High, 2 TD later and saw a sharper
decline into 6/11 Low.
Conclusion: Shorter term, we are expecting a 6/11 Low +/-1 and another short term rally phase. Once and if the 6/8 swing High gets confirmed as the FC High, we should see a relative sharp 300-500 SP decline in the coming weeks. Are you ready?
Email: timeandcycles@gmail.com
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