• 3 days Chinese Stocks Rebound After Regulatory Scare
  • 5 days Apple Stocks Falls After Blowout Earnings Report
  • 5 days The 5 Biggest IPO Disasters Of 2021
  • 6 days Crypto-Based ‘Shadow Financial Market’ Spooks Regulators
  • 9 days Ireland Balks At Biden’s Global Tax Plan
  • 12 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 15 days Facial Recognition Is Watching You
  • 17 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 17 days The Fed’s $3 Trillion Headache
  • 20 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 20 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 21 days Delta Variant Real Threat To Economic Recovery
  • 24 days JEDI Drama Continues With Microsoft Contract Cut
  • 26 days DiDi Shares Take a Beating From Chinese Regulators
  • 27 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 27 days Jobs Report Has Big Numbers, But Still Big Problems
  • 28 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 31 days Didi Just Went Public, And Uber Is Loving It
  • 32 days Islamic Finance On Track To Hit $3.7 Trillion
  • 33 days The Lumber Bubble Is Bursting
  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