8/27L, next 8/30 short term High..

From the 8/27 Low, I was looking for an 8/30 High, which was a weak High that was seen in Globex.

Sofar we have a triple bottom today, if that holds it would be bullish, but if we take it out, the E waves would suggest 1 more new Low could be seen this week. 

Lows are in

Here is what I had yesterday:

"The APEX of the daily Wedge is due on 8/27-30. Tomorrow should see a SPIKE Lower (than 8/25 Low) and reversal Higher. Ideal Target 1026 SPX +/-5, but any lower low should be good enough.

8/17 and 8/23 were both a Timing CIT and Cycle High. The next Time and Cycle Cluster Low is due on 8/27-30 Major Lows."

Beside that I had a geometric CIT today, while the dominant Cycle I have been watching was been followed Day for day, with yesterday's reversal Lowe and today's reversal Higher.

Markets spiked to a marginally lower Low satisfying the 8/27 Time and Cycle Cluster.

We should close on our highs today.

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Quick Update on the dominant Cycle:

Quick Update on the dominant Cycle:

 Markets have been following the dominant cycle I am watching, ie 8/25 intraday Low and reversal high into the close and today we turn back down and down into 8/27 Lows. 




Notice how the APEX of the hourly wedge arrived at the 1st hour today as a HIGH. The APEX of the daily Wedge is due on 8/27-30.

Tomorrow should see a SPIKE Lower (than 8/25 Low) and reversal Higher. Ideal Target 1026 SPX +/-5, but any lower low should be good enough.

8/17 and 8/23 were both a Timing CIT and Cycle High. the next Time and Cycle Cluster Low is due on 8/27-30 Major Lows.
 

Please note:

This T&C blog in the near future, will be Open to only those that register their name and email address with me. Please email me at timeandcycles@gmail.com to get your approval.

This T&C Blog will be open to only those that register their email address

This T&C blog in the near future, will be Open to only those that register their name and email address with me.

Please email me at timeandcycles@gmail.com to get your approval.

If you are already a T&C forum member or a T&C Daily and weekly subscriber, you won't need to register as the same will be posted to you on the T&C Forum and to T&C subscribers.

The dominant Cycle: 8/17 High of the week, 8/23 lower High, final decline to 8/27-30 Major Lows

The dominant Cycle: 8/17 High of the week, 8/23 lower High, final decline to 8/27-30 Major Lows.

From  T&C Daily email:

The dominant cycle had an 8/17 Major High and a decline and bounce into 8/23 lower High, which was confirmed by 8/23 being a double CIT High, both a geometric (60-70% accurate) and a Solar CIT (84-90% accurate). From the 8/23 High we should see a relative sharp decline into the next Major CIT cluster on 8/27-30 weekend CIT, which includes an 8/29 Solar CIT, a double MTC on 8/28-29 and an Apex of the wedge doe 8/27-30. This should be a Major Time and Cycles Low, completing a 5-3-5 Ewave ZigZag from the 8/9 Highs to the 8/27-30 Major Lows"



Intraday Update today:

"1056-57 SPX is the 7/20 swing Low and the 62% retrace. Below that we should retest the 7/1/10 Major Lows and see new Lows."
 
Globex is pointing to a -13 SP open, below 1052 on the futures, a close below 1056 SPX would be bearish and confirm the highs are in on 8/23 lower High and wave 3 or C is underway into 8/27-30 Major CIT.

Please note: This will my last update on the public blog for a while, if there any questions, please feel free to email me at: timeandcycles@gmail.com

The dominant Cycle had the 8/17 double CIT as High of the week

The dominant Cycle had the 8/17 double CIT as High of the week.  I should have stuck with the original call for an 8/17 High of the week, which proved correct after all. 

OE week often messes and confuses the short term cycles, but we should still see a short term rally into the next geometric and Solar CIT.

We have 5 down from 8/9H to 8/16L, which is why I thought the 8/17 double CIT was a 8/16 Low. I was expecting a stronger wave 2 bounce, but we did retrace 50% into 8/17 Highs.

Update: 8/16 Low confirmed

The 8/17 Daily CIT was the 8/16 Major Low. 

The 1.50 hourly CIT on 8/17 I had was the 1.40 High of the day and the last hourly CIT was a Low.

This rally should continue the rest of OE week.  

Bears beware!

Time for a rally?

Hindenburg Omen Crash, Crawford Crash, Nenner calling for a Crash, etc. etc. Bears all over the place. Is it time for a rally?

I had an 8/17 double Geometric and Solar CIT, ideally today should be a Low, before we rally the rest of this Option Expiration week.

Intraday today, we should see a 1st hour High today and decline to a midday Low of the day, where I have an hourly CIT. There is also a possible hourly CIT near the close today/Open tomorrow that could be the Low.

What really happened on Friday 7/30/10?

What really happened on Friday 7/30 was that it was a Time and Cycle cluster Low.

TIME: There was both a Geometric and Solar CIT on 7/30 and we declined into it, making 7/30 an Ideal Low and reversal day.

Cycle: The dominant Cycle was projecting a 7/30-8/2 Low, which was the 7/30 Low.

So What's next??

TIME: The next double CIT cluster is a geometric Daily CIT on 8/5-6 and a Solar CIT on 8/5.

Cycle: The dominant Cycle projects 8/5-6 as the next short term swing HIGH from the 7/30 Cycle Lows.

Review and 7/21 hourly CIT near the close

Review of the recent posted Cycle and CITs on my T&C blog:

1. The Friday 6/18 daily and hourly CIT near the close was the Monday 6/21 High at the open Major High.
http://timeandcycles.blogspot.com/2010/06/spx-right-at-critical-down-channel.html

2. The 6/29 post was looking for a Low, esp around the 7/1 Squared date: http://timeandcycles.blogspot.com/2010/06/update-5.html

3. The 7/13 Cycle High was pinpointed here: 
 http://timeandcycles.blogspot.com/2010/07/short-term-high-today.html

4. Recently I was looking for a 7/19 CIT Low, which was a 7/20 Cycle Low at the Open.

The 5 min CIT at 2.55 pm and Hourly CIT at 2.55-4.00 pm on 7/21 was the 2.55 Low of the day 7/21 (see hourly chart).

Short term high today?

Markets rallied right into my Daily and hourly CIT at 10-35- 11.40 am at the 11.40 High of the day at 1097.07 SPX, right at double TL resistance and right at Maximum Open Interest at 1100 SPX, but is barely retreating so far. 


Bullish momentum remains strong. Let's see what happens in the last hour.

Update 5

The 2.55 Hour CIT is +/-1 hour and we are in the window for a Major Low and reversal higher, 3.35 pm may be the LOD, so be alert.

Let's not try to get too cute trying to figure out the exact Low. 

We are in the window for the Low to occur.

SPX right at critical down channel resistance

SPX right at critical down channel resistance. 

There is a triple cluster geometric CIT at 6/18-21 and a Solar CIT on 6/22. 

There is also a Sun Jupiter square early am 6/23 that should be watched closely. 6/21-22 should be an important Turn. 

For today 6/18, there is a double hourly CIT at 2.55-4.00 pm. 

Trapdoor to Heaven or Hell

The NDX has been in a Triangle formation ( large trading range) since the 5/6 Flash Crash low.  The Apex is on 7/2/10.

   

The Trapdoor to Heaven is any solid close above 1900 NDX and 1105 for the SPX.

The Trapdoor to Hell is any solid close below the 5/6 Low at 1752 and 1040 SPX.

The triangle is narrowing, so we should break one way or the other soon. 

Any break of this triangle will cause a large swift move.