Review: In my last public post, the 5/15 Geometric CIT (Change in Trend) was a miss, which happens at times as the geometric CITs are 70-80% accurate in pinpointing important Highs and Lows (The proprietary Solar CITs are 85-90% accurate).
Since 3/3, we have been in a large 13 week choppy sideways channel, with resistance at 2136-38 SPX and support at 2065-70 SPX. Whichever way it breaks, determines the next large 70 SP directional move (2205 or 1999 SPX). The markets have been in a volatile trading range, so it is best to have some useful Time and Cycle tools to guide us.
From the 5/19 Evening Email: "From the 5/19 High (#1), we should see a decline into 5/22 Solar CIT Low+/-1 (#2).
Actual: We made a 5/20 High (+1) and saw a decline into 5/26 Low, 1 trading day later than the 5/22 Solar CIT and have seen another choppy rally since.
From the 5/31 weekend Email : "The 6/1 Solar CIT was biased a 6/1 High. However, there are 3 arguments suggesting an early June Low (#3) : 1. The increased volume Friday 5/29 suggests lower lows soon. 2. There is a regular 19 TD Cycle of Lows, which is the debilitated Scorpio Moon cycle suggesting 6/2-3 should be a Low. 3. The Squares of Lows from 10/11/07 suggests 6/4+/- Low+/-"
Actual: We declined into a 6/2 Low, 1 TD from the 6/1 Solar CIT and right into the debilitated (Vedic) Scorpio Moon cycle, associated with market lows, which is the current 19 TD Cycle of Lows shown in the chart.
What's next?: We should see another volatile rally into 6/5-8. The 4/16 Symmetry Cycle has Friday 6/5 CIT and Monday 6/8 is next Geometric CIT. The next 70 SP move comes when we break the current 13 week choppy sideways channel.
