The 94 TD Cycle 2/12 swing High
|Review: From 1/31/19 Update: "Markets have rallied above the mini wave 4 bullish pennant/triangle pattern in a 5th wave rally. The triangle targets 2739 SPX, right at the 200 DMA at 2741.47 SPX, which is major resistance. "
From 2/5/19 Update: "We are rallying into 2/5 Solar time CIT (Change in Trend) suggesting a 2/5H in the make, but as bullish momentum remains strong and all trends remain Up, we go with the flow and wait for a trend reversal lower before considering any shorts"
Actual: We reached our outstanding 2739 SPX Triangle Target, right at the 200 DMA at the 2/5 Solar CIT High, which remains the Highs to date.
We are currently rallying into the next 94 TD Cycle, that last saw the 9/21/18 major High and is next due 2/11/19+/-3. The 94 TD Cycle has been consistently in the markets for more than 4 years now, since the 12/29/14H and has been often exact, but at times off 3-4 Trading Days.
The same triangle that projected 2739 SPX price target has an Apex CIT due today 2/12, right at the double 2/12 Geometric time CITs and the 94 TD Cycle suggesting a 2/12 swing High being made.
All trends remains up, since the projected 12/26/18 major Low and the markets have been in an hourly up channel. We would need to break this up channel to get an initial Sell signal.
What's Next: We should make a 2/12 swing High+/- and start a retrace.
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