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The active dominant cycle: July 2 major swing Low


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#1 Rocketman

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Posted 02 July 2018 - 06:28 AM

Review: From the June 4th Raj T&C Weekend Email (One month ago): "There is a cluster of 6-7 fixed cycles all due end June/early July that should be a major High or Low"
 

Actual: The fixed cycles due end June/early July: the 80 CD Cycle, the 90 CD Cycle, the 95 CD Cycle, the 32-33 wk cycle, the 5 Month cycle and the 1308 CD Cycle are all due late June/early July should be a major swing Low based on the dominant active cycle shown below. Fixed cycles can expand and contract by a few days to a few weeks and are not exact, while an "active" cycle is a precise historic cycle as it is +/- 1 to 2 days max.
 
spx%2Bhourly.gif
 
 

Review: From the June 23 Raj T&C Daily Email: "There is a possible active cycle (grey lines in chart), which is the current cycle bias, that suggests from 6/22H, we decline into 6/25L (1)rally into 6/27H (2) and decline into 7/2 swing Low (3)"

Actual: From 6/22H, we declined into 6/25L, rallied into 6/27H and we are now declining into 7/2 swing Lows, which makes the above active cycle the dominant cycle to watch.

 

What's Next: We should see a hard retest of the 6/28 Lows and ideally see lower Lows at today's projected July 2 major swing Low+/-2 and start a multi week rally phase. Bears beware.
 
 
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#2 tsharp

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Posted 02 July 2018 - 03:27 PM

Nice call RM... though I would call today's low a smaller magnitude wave-ii.  If I'm correct, we will likely see the wave-d high of 2748, basis the SP00s, surpassed tomorrow... twt.

 

SP00_240_7.2.18-2.jpg

 

Link to chart:  https://postimg.cc/image/5c68r5dg9/

 

From this morning's instagram update @milehighstrategies... RH&S targets the ~2800 range: 

 

SP00_240_7.2.18-1.jpg

 

Link to chart:  https://postimg.cc/image/s0vfqv00p/


Edited by tsharp, 02 July 2018 - 03:28 PM.


#3 redfoliage2

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Posted 02 July 2018 - 03:41 PM

I agree it's bottomed.



#4 Rocketman

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Posted 02 July 2018 - 04:16 PM

Multi week rally ahead, some backing and filling into 7/5, then higher



#5 alexnewbee

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Posted 03 July 2018 - 12:16 PM

Ha, buy first bottom and get the second one for free ;)
"we do G.d's work" Lloyd Blankfein

#6 tsharp

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Posted 03 July 2018 - 02:48 PM

It appears wave-c:ii is nearly complete...  

 

Happy 4th of July to all!

 

SP00_240_7.3.18-2.jpg

 

Link to chart:  https://postimg.cc/image/k5gt53ceh/