10 replies to this topic

[Rocketman]

http://timeandcycles.blogspot.com/ Forecast from my 9/9 public post, I was looking for a 9/7 major High and a 9/12 Solar CIT.

 

Actual: 9/7H remains an important major High and 9/12 Solar CIT was a large range day that was both a High and Low. 

Forecast from the 9/18 weekend Report:  "9/19-23 should be volatile and choppy into 9/21 Fed CIT, but bias is 9/19H, 9/21L and rally into 9/23H. The Ezekiel Wheel cycle has 9/8H, 9/21-22L, 9/23H and decline into XXX Low."

 

Actual: Since the 9/12 CIT Low, we saw a volatile chop into 9/21 Fed Day and formed a triangle, with a 9/19H, 9/21L and we are rallying into Friday 9/23H at the 9/23 Geo CIT and 9/23-26 Apex CIT. We back-kissed the old 2 month channel resistance yesterday.

What's Next: 9/23 +/-1 is the next swing High and the start of a relatively sharp decline.

 

 

[pedro]

9/23 +/-1 is the next swing High and the start of a relatively sharp decline.

 

Probably not.

S/t correction down to 2160 area.   Wrong below that.

Monthly, weekly and daily trends all now bullish.

Monthly OB, but there's ample room on the other timeframes.

[Rocketman]

Okay, time will tell about that.

 

 

Below is today's Daytrading's outlook:
 

 

Daytraders: The intraday cycle is a Low am to High pm day (or Inverse), "with a possible 9.40 cycle High+/-, decline to a 10.30 cycle Low at the 10.15 time CIT."

 

We saw a 9.40H and a 10.15 1st hour Low. We should see a midday and last hour High.

 

Intraday 5 min SPX CIT Times 9/23/16: 10.15, 1.15 pm 

 

 

Actual: 10.15L

 

Intraday Cycle is the Pink lines  (9.40H), 10.30L, 12.45H, 1.40L, 3.30H

 

Actual: 9.40H, 10.15L

 

Friday sees a Low am to High pm day (or Inverse), with a possible 9.40 cycle High+/-, decline to a 10.30 cycle Low at the 10.15 time CIT, rally to a 12.45 cycle High+/-30, decline to a 1.40 cycle Low at the 1.15 time CIT, rally to a 3.30 cycle High+/-30 min.

 

Edited by Rocketman, 23 September 2016 - 09:38 AM.

[alexnewbee]

we have clear 3PDh formation. So probably you are right. Time to short is now.

[Rocketman]

The ideal short is in the last hour today, but who knows.

[thoughtpwr]

I think the downside is limited to 2100 or 2120, so I am using bearish call spreads into a 10/14 low per Curry's seasonality of election years. That formation says we are at a top now and agrees with your timing. It predicted a pop to this level as we got this week. I think we wear people out with a drop back to the lows next week and run it back up to this level the following week and then back down to the lows by 10/14. So I am going to get into bull put spreads next week and be on both sides of market for next three weeks.

 

Also, Monday is last Monday of month (normally a buy), so if we sell off strongly today, I would expect us to rally on Monday back to middle ground and drifting until we sell off to lows.

Edited by thoughtpwr, 23 September 2016 - 10:11 AM.

[NAV]

I am long this market since the Fed day and still holding it. To me a 5-min close below SPX 2169 will trigger a swing short today. Barring that i will continue to hold my longs. This is a high probability area for retracement failure. 

 

If a swing turn were to occur, then we will close below SPX 2162 today.

Edited by NAV, 23 September 2016 - 10:48 AM.

[NAV]

I shorted spx 2168. Stop 2180

[gm_general]

we have clear 3PDh formation. So probably you are right. Time to short is now.

 

Dennis Gartman - "we are now of course net long of equities on balance."

 

Enough said.

[Iblayz]

9/23 +/-1 is the next swing High and the start of a relatively sharp decline.

 

 

FWIW, my expectation is +1