• 385 days Could Crypto Overtake Traditional Investment?
  • 390 days Americans Still Quitting Jobs At Record Pace
  • 391 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 395 days Is The Dollar Too Strong?
  • 395 days Big Tech Disappoints Investors on Earnings Calls
  • 396 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 397 days China Is Quietly Trying To Distance Itself From Russia
  • 398 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 402 days Crypto Investors Won Big In 2021
  • 402 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 403 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 405 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 406 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 409 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 410 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 410 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 412 days Are NFTs About To Take Over Gaming?
  • 413 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 416 days What’s Causing Inflation In The United States?
  • 417 days Intel Joins Russian Exodus as Chip Shortage Digs In
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

The Dominant Cycle 6/10 Major High of the Month +/-2

In my last public blogpost, I was looking for a 5/27 high +/-1

S&P500 Daily Chart 1
Larger Image

From the 5/30 Raj T&C Weekend Email: "The dominant cycle suggests we are generally higher into 5/27-31H at 2100+ SPX. It then suggest a few days pullback into 6/1-2L at the 6/12 Solar and 6/2 Geo CIT, followed by another rally into 6/10H, retesting the 5/20/15 ATH at 2134.72 SPX"

S&P500 Daily Chart 2
Larger Image

Actual:We rallied into a 5/31H,1 day from the 5/27H, declined into 6/1 Low at 2085.10 SPX, chopped for 2 days into 6/3 double bottom, before we rallied into 6/8 High at 2120.55 SPX so far. The Cycle High may have arrived 2 days earlier. Normally the cycle is exact or off by 1 day and at one other time at the 4/22 High, it was off 2 days. Swing traders that were long from the 5/19 Low at 2026 SPX made 60+ SP's profits today, which is $3000/Emini Contract (each mini SP is $50/point) and those that just went long from the 6/1L at 2085 SPX made 17 SP's or $850/Emini contract today.

The dominant cycle saw 14 "hits" and 1 miss: 2/11L, 2/24L, 3/4H, 3/11L(-1), 3/17H (miss), 3/28L(-1), 3/31H(+1), 4/12L, 4/22H (-2), 4/27H, 5/4L, 5/6L, 5/12H (-2), 5/19L, 5/27H, 6/1L

What's Next: We make a 6/10+/-2 major swing High of the Month and start a volatile decline. The dominant cycle is a historic cycle that predicts exact Highs and Lows +/-1-2 days. The cycle suggests to be prepared for some large volatile swings, both Up and down in the coming weeks.

 

Back to homepage

Leave a comment

Leave a comment