In my last blog post, I was looking for an 8/2 High and then "a decline into my next Time and Cycle (T&C) ClusterChange in Trend (CIT) and make a major Low of the Month."
Forecast: From 14 days ago, in the 8/3 Raj T&C Weekend Email: "We should rally into 8/2-5 major Highs, then decline into August 16 Time and Cycle Cluster Lows, targeting at least 1650 SPX+/-"
Actual: 8/2 High, decline into 8/15 Low at 1658.59 SPX so far
What's Next: We should continue to decline into an 8/16-19 T&C Cluster Low of the month.
Time CIT: 8/17 is the next proprietary Solar Time CIT that should be a 8/16-19 Low. There was an 8/15 Long term proprietary geometric Time CIT due on 8/15, that is +/-2-3 TD as it covers decades. There was also a shorter term geometric 8/15 Time CIT.
Cycle CIT: The last four 45 TD Cycles has been averaging 38-39 TD (see chart), targeting August 16-19 major Low of the Month.
The intraday cycles Friday (and Monday) supports a decline with a 1st hour low and bias to be lower.
