• 766 days Will The ECB Continue To Hike Rates?
  • 767 days Forbes: Aramco Remains Largest Company In The Middle East
  • 768 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,168 days Could Crypto Overtake Traditional Investment?
  • 1,173 days Americans Still Quitting Jobs At Record Pace
  • 1,175 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,178 days Is The Dollar Too Strong?
  • 1,178 days Big Tech Disappoints Investors on Earnings Calls
  • 1,179 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,181 days China Is Quietly Trying To Distance Itself From Russia
  • 1,181 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,185 days Crypto Investors Won Big In 2021
  • 1,185 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,186 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,188 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,189 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,192 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,193 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,193 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,195 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

The Dominant Cycle has 6/24-27 as The Next Cycle Low

In my last 6/10 blogpost, "I was looking for a 6/10 High+/-2 of the month, which was the 6/8 High"

S&P500 Hourly Chart 1
Larger Image

From the Raj T&C 6/13 Weekend Email: "The Dominant Cycle 6/10 cycle High arrived 2 days earlier at the 6/8H and is looking for a straight down decline into 6/17 Low, then a sharp rally into6/22 High at the 2100-05 SPX area and then another sharp decline into 6/24 Low at 2025-30 SPX"

S&P500 Hourly Chart 2
Larger Image

Actual: From the 6/8 High, we saw a straight down decline into 6/16 Low, 1 day earlier, at 2050.37 SPX, reversed and saw a sharp rally into 6/23 High, 1 day later, at 2113.32 SPX, only to see a sharp reversal back lower to a 6/24 Low at 2032.57 SPX so far.

The Golden ratio fixed Cycle suggests a 6/25 Low, supporting the dominant cycle.

Golden ratio 1618 CD Cycle of Lows: 10/10/02L 1616- 03/14/07L - 1618- 08/20/11L-1614- 01/20/16L

Golden ratio 1618 CD Cycle of Lows: 10/08/98L-1616- 03/12/03L -1618- 08/16/07L-1618 X 2 = 06/25/16L?

What's next: The dominant cycle is looking for a 6/24-27 swing Low at the 6/27 Geometric Time CIT, chop around and then start a new rally phase.

 

Back to homepage

Leave a comment

Leave a comment