Thursday, November 21, 2024

SPX 11/21 Review and Forecast

From the 11/10 T&C blogpost: "What's next for SPX?: We could see a spillover High Monday 11/11, but we are looking for atleast a short term 11/8-11H, decline, but another rally is due into a more important long term Geometric time CIT (the last one was the 10/14-17H) later this month that will be a major swing High"

From 11/10 T&C weekend Email: "Ideally we see a 11/8-11H and see a brief pullback into 11/14L+/-1 at the 11/14 Solar and Tesla Geo and 72 TD cycle of Lows, before we rally into 11/21 long term Geo time CIT " 


Actual: We made a spillover 11/11H that saw 5 waves Up (#5 on chart)The next 10 TD & 72 TD cycle Low was due 11/14L+/- at the 11/14  Solar CIT was the 11/15L (A). We have since rallied into today's 11/21 long term Geometric time CIT. As the 11/21 is a long term Geo time CIT (B), it could be a few trading days off, before the C wave decline starts, watch the intraday cycles for suggestive clues. The last long term Geometric time CIT was the 10/14-17H.

What's Next?: We make a 11/21 High +/- few days, and start a sharper decline.

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