Update on the previous forecast # 4
Welcome to Option Expiration Crook's week, where the various Times and Cycles tends to get skewed, making anything possible. That said, there are still decent odds of the following:
Swingtraders: The 1/9 Solar CIT was the 1/9 High. We are looking for a mini wave C decline into 1/13L at the 1/14 (not 1/13 as previously mentioned) geometric CIT. We already achieved the minimum 50-6% retrace that was mentioned to subscribers, but we could see more by tomorrow.
Daytraders: The intraday cycle is a Low am to High pm day (or Inverse)
We saw a 9.30 High and a sharp decline to a 10.05 1st hour Low. If it is a Low am to High pm day, we should now see a midday High.
Tomorrow sees a 1st hour Low and bias lower.
Intraday 5 min SPX CIT Times 1/12/15: 10.05, 11.15, 11.55 pm CIT Eastern.
Actual: 10.05L
Intraday Cycle is the Cyan lines: (9.40H), 10.30L, 12.45H, 1.40L, 3.30H
Actual: 9.35H, 10.05L
Monday sees a Low am to High pm day (or Inverse), with a possible 9.40 High+/-, decline to a 10.30 Low at either the 10.05 or 11.15 CIT, rally to a 12.45 High at the 11.55 CIT, decline to a 1.40 Low+/-30, rally to a 3.30 High+/-30.
Intraday Mebob Buy above 2020.75 /ES (Mar Emini SP)
Intraday Mebob Sell below 2018.00 /ES (Mar Emini SP)
