Monday, October 16, 2023

Time and Cycles Update

 From 10/4 T&C Update: "we are bullish > 9/29H at 4333.15 SPX and bearish < 10/3L at 4216.45 SPX."

Actual: On 10/6 we saw a hard retest of the 10/3L, creating a double bottom and the next TD on Monday 10/9 we closed above 9/29H. This confirmed a multi week rally into the next Time and Cycle Cluster.


From 10/10 T&C Update: "The current bias is from 10/6L and we are generally higher into XXX (reserved). Shorter term, we see an 10/10-11H at the 10/10 Geo & Solar CIT and decline briefly into 10/13-16L at the 10/13 Emini Apex CIT"

Actual: We made an 10/10-12H and declined into 10/13L so far.

What's Next: We now rally into the next Time and Cycle cluster CIT.



Disclaimer
The contents of this article are for general information and educational
purposes only and should not be construed as an investment advice or
strategy. Past performance is no guarantee of future results. Trading in
Stocks, Options and Futures involve risks. Trade at your own risk.


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