In our last public 9/25 post we were looking for a 9/24-29 swing Low.
Actual: We saw a Sep 24 swing Low at 3209.50 SPX. We have since rallied a sharp 340.40 SP's to an 10/12 High.
Forecast from the 10/3 Raj Time and Cycles (T&C) Daily Email (3 weeks ago): "From 10/1H, decline briefly into 10/2-5L at the 10/3 Solar & 10/2-5 Geo time CIT. We will rally into 10/9-12 T&C cluster High, decline into 10/16-19L"
Actual: We made an 10/1H (#1 on chart), declined briefly into 10/2L (#2), rallied into 10/12H (#3), which was along term Geometric time CIT and declined into 10/19L (#4).
Forecast from 10/19 Intraday Update: "If today 10/19 was a High, we could see an 10/21-22 Low and 10/26 High"
Actual: We declined into 10/22L (#5) at the wedge Apex CIT and are now rallying into 10/26H.
What's next: The coming week should continue to be volatile (Up and down) as we see another short term 10/23-26 High at the 10/24 weekend Solar Time CIT.
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.
Recommended Content
Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold reaches to all-time highs near $2,230, US PCE eyed
Gold price appreciates to all-time highs near $2,230 per troy ounce, attempting to continue its winning streak for the fifth successive session on Friday. However, trading volumes are light as market participants are likely observing Good Friday.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.