Raj Ian G Thijm, MBA
Raj Time and Cycles
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.
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.
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