• 824 days Will The ECB Continue To Hike Rates?
  • 824 days Forbes: Aramco Remains Largest Company In The Middle East
  • 826 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,226 days Could Crypto Overtake Traditional Investment?
  • 1,231 days Americans Still Quitting Jobs At Record Pace
  • 1,232 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,236 days Is The Dollar Too Strong?
  • 1,236 days Big Tech Disappoints Investors on Earnings Calls
  • 1,237 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,238 days China Is Quietly Trying To Distance Itself From Russia
  • 1,239 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,243 days Crypto Investors Won Big In 2021
  • 1,243 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,244 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,246 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,246 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,250 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,251 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,251 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,253 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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

Raj T and C Review and Forecast: March 1 Cycle High

In my last public blogpost on 1/30/17, I was looking for a 1/27 major High.

From the 1/27 Raj T&C Daily Email: "The Cycle bias is 1/26 major High, decline into 2/2L+/-1,2/3H, chop into a 2/9L and see a retest of the Highs at the 2/10H"

From the 2/3 Raj T&C Daily Email: "As the dominant cycle is a Time Cycle, it does not predict Price magnitude, so we could see a higher or lower High at the 2/10H"

Actual: We made a 1/26 High, decline sharply into 1/31 Low and 2/2 higher Low, we then rallied into 2/3H, chopped lower into 2/8L, 1 day earlier and rallied above the 1/26H and beyond 2/10H.The dominant cycle (shown as the Cyan lines, click on chart to enlarge) worked well through Friday 2/10, when a High was expected, but when we rallied strongly to fresh ATH on Monday 2/13, the cycle was confirmed Non active. The next day, on 2/14 evening Update, we made a forecast based on various Times and Cycles and E-waves (grey lines on chart) looking for a continued rally into 3/1H.

S&P500 Daily Chart 1
Larger Image

From the 2/15 Raj T&C Daily Email: "The Cycle bias is we chop higher into 2/21H, decline into 2/23L and rally into 3/1H+/-1"

S&P500 Daily Chart 2
Larger Image

Actual: The markets unfolded as expected, with a 2/21H, 2/24L and we are now rallying into a 3/1Cycle High.

What's Next:  The forecast since 2/14 has remained on track for more than 2 weeks now. The recent rally since the 11/4/16 Low has been typical of a wave 3 rally, strong and relentless. We are still expecting a rally into 3/1-2 cycle High at the 2/28 Geo CIT or 3/3 Solar time CIT and start a retrace.

 

Back to homepage

Leave a comment

Leave a comment