• 525 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 527 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 927 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 937 days Big Tech Disappoints Investors on Earnings Calls
  • 938 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 940 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 944 days Crypto Investors Won Big In 2021
  • 944 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 945 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 947 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 951 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 952 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 954 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

A Mini Crash Wave Is On The Horizon

Review: In my 1/12 public post, I was looking for a Jan 14 swing Low.

Forecast #1 from the Raj T&C 1/16 Weekend Report: "Jan 16 is a double bottom with the Jan 14 Low at 1988 SPX and we should see a rally into Monday Jan 26."

Actual: We made a Jan 14-16 double bottom as expected and rallied a sharp 76 SP's to a Jan 22-23 High, 1-2 Trading Days from the projected Jan 26 High.

Forecast #2 from the 1/23 Raj T&C Email: "We should decline into 1/28 Low at the 1/27 Solar & 1/28 Apex CIT"

Actual: We declined into 1/29 Low, 1 Trading later

$SPX Chart
Larger Image

Forecast #3 from the 1/28 evening Raj T&C Email: "Short term, tomorrow, 1/29, after perhaps an early lower low, we will see a retrace rally and see a 1/29 High. The Fed decision was bearish today and suggests lower lows. Today confirms that cycles are lower into 1/30-2/2 Lows at the 2/2 Geometric CIT"

Actual: We made a 1/29 lower Low and saw a 35 SP intraday reversal rally into 1/29 High. We have declined sharply this Friday morning Jan 30.

What's Next: We should see a Feb 2 swing Low. If we decline below 1988 SPX, we will see a fast drop to test the Dec 16 Low at 1972.85 SPX and this decline below 1988 SPX opens the window for a Mini crash wave in February on the basis of a Crash pattern that is being followed very precisely. First, however, after the 2/2 Low, we should see yet another rally to another swing lower High. It is good to be on the right side of this move at the right time, are you ready?

 

Back to homepage

Leave a comment

Leave a comment