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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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Raj Time and Cycle Review and Forecast 5/12/15

From the 5/4 Daily Report: "The 5/5 double Geometric, the 5/5 SP Cycle CIT and the 5/6 24 Sq wk Cycle CIT will be a retest 5/5-6 higher Low, most likely on 5/6L, which is the WBOE Low and we are higher into 5/11-12 Highs at the next 5/11-12 Solar & SP cycle CIT, from there we decline into 5/15 double Geometric CIT Low"

Actual: We declined into 5/6 Low and rallied into 5/11 High, right at the 5/11-12 Solar and SP CIT High and have since reversed sharply lower.

S&P500 65-Minute Chart
Larger Image

We remain in the large (red lines) choppy and volatile sideways triangle since the 2/25 High, more than 75+ days now.

What's next?: We should decline into 5/15 double geometric CIT Low+/- 1 day and then see another rally phase and then we start a relative sharper decline.

 

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