ForecastÂ from my last publicÂ blogpost onÂ 11/4/16,Â "The 47 TD Cycle is still suggesting aÂ 11/8 Low +/-3 TD"
From the 11/9Â Update:Â "AÂ solidÂ close above 2155 SPXÂ confirms theÂ 11/4 major Low as the 180 TD/9 Month major LowÂ and we now rally into the next 1-2 months"
Actual: The Cash SPX Low was on 11/4L at 2083.79 SPX, which was a quintuple time CIT, while the Globex SP futures made its Lowest Low onÂ 11/8-9.
From the 11/22 Update:Â "it is best to use any short term pullbacks to add to longs and just be long until aroundÂ 12/XX. There is a "Tunnel" Price target atÂ 2239Â SPX"
From theÂ 12/1 Update: "There is long term trend line resistance atÂ 2245Â SPX+/-5"
Actual: From the 11/4 Low, we rallied so far a whoppingÂ 157.84 SP's inÂ one monthÂ into 12/7H atÂ 2241.63 SPX,Â which reached ourÂ 2239 SPX Tunnel Price target.
We have rallied into major long term major trend line resistance that started from theÂ 10/28/97L, touched 10/8/98L, 3/22/01L, 3/19/02H, 10/11/07H, 5/20/15H,Â all major Highs and Lows! and now 12/07/16H at 2241.63 SPX. Of course it can pierce this trend line a little, but it suggests limited upside potential as 2242-45 SPX +/-5Â should be major resistance.
ThursdayÂ 12/8 is a major long term proprietary Geometric Time CIT, that dates back from the5/2/11H. 12/9 is the next Solar CIT and the "Ezekiel Wheel" next CIT is onÂ 12/9.
There is also a 45 week cycle due thisÂ 12/9/16Â week that started from theÂ 3/6/09L.
What's next: We should make aÂ Dec 8Â High+/-1, targetingÂ 2245Â SPXÂ +/-5 and start a retrace, we should then retest these Highs at a long term projected future major High date.