8/10-11 Low achieved, so what's next?

Raj Ian G Thijm, MBA Raj Time and Cycles

Forecast: form our last public post, I was looking for "an 8/7 Lunar Eclipse High and a decline into 8/11L+/-1 Day."

Actual: We saw an 8/8H, 1 day later and saw a sharp 53 SP decline into 8/10-11 Low into the 94 TD Cycle of Lows as expected.

Daytraders:

The intraday cycle for Friday 8/11 sees a 1st hour High, midday High and last hour High

We saw a 9.50L and a 10.50 1st hour High.

If the midday High is higher than the 1st hour High, it suggests a last hour highest High and Vice Versa.

So, what's next?: We touched long term channel support on the Emini SP at this morning's 8/11 Low. We should now see a strong rally, although there is another (higher) Low at the 8/25 Geometric time CIT.

Author

Raj Ian G Thijm, MBA

Raj Time and Cycles

I have been actively involved in the Financial Markets since August 1987. After receiving my B.S.

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