In my last 6/10 blogpost, "I was looking for a 6/10 High+/-2 of the month, which was the 6/8 High"
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 into 6/22 High at the 2100-05 SPX area and then another sharp decline into 6/24 Low at 2025-30 SPX"
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.
Trading in Stocks, ETF, Options and Futures involve risks. Trade at your own Risk. Do your own homework. The contents of this blog are for general information and educational purposes only and should not be construed as an investment advice strategy. Past performance is no guarantee of future results.
Editors’ Picks
AUD/USD pressures as Fed officials hold firm on rate policy
The Australian Dollar is on the defensive against the US Dollar, as Friday’s Asian session commences. On Thursday, the antipodean clocked losses of 0.21% against its counterpart, driven by Fed officials emphasizing they’re in no rush to ease policy. The AUD/USD trades around 0.6419.
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Billowing clouds of apprehension
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