Raj Ian G Thijm, MBA
Raj Time and Cycles
In my last public blogpost, I was looking for a 5/27 high +/-1
From the 5/30 Raj T&C Weekend Email: “The dominant cycle suggests we are generally higher into 5/27-31H at 2100+ SPX. It then suggest a few days pullback into 6/1-2L at the 6/12 Solar and 6/2 Geo CIT, followed by another rally into 6/10H, retesting the 5/20/15 ATH at 2134.72 SPX”
Actual: We rallied into a 5/31H,1 day from the 5/27H, declined into 6/1 Low at 2085.10 SPX, chopped for 2 days into 6/3 double bottom, before we rallied into 6/8 High at 2120.55 SPX so far. The Cycle High may have arrived 2 days earlier. Normally the cycle is exact or off by 1 day and at one other time at the 4/22 High, it was off 2 days. Swing traders that were long from the 5/19 Low at 2026 SPX made 60+ SP’s profits today, which is $3000/Emini Contract (each mini SP is $50/point) and those that just went long from the 6/1L at 2085 SPX made 17 SP’s or $850/Emini contract today.
The dominant cycle saw 14 “hits” and 1 miss: 2/11L, 2/24L, 3/4H, 3/11L(-1), 3/17H (miss), 3/28L(-1), 3/31H(+1), 4/12L, 4/22H (-2), 4/27H, 5/4L, 5/6L, 5/12H (-2), 5/19L, 5/27H, 6/1L
What’s Next: We make a 6/10+/-2 major swing High of the Month and start a volatile decline. The dominant cycle is a historic cycle that predicts exact Highs and Lows +/-1-2 days. The cycle suggests to be prepared for some large volatile swings, both Up and down in the coming weeks.
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
EUR/USD retreats below 1.0700 after US GDP data
EUR/USD came under modest bearish pressure and retreated below 1.0700. Although the US data showed that the economy grew at a softer pace than expected in Q1, strong inflation-related details provided a boost to the USD.
GBP/USD declines below 1.2500 as USD rebounds
GBP/USD declined below 1.2500 and erased the majority of its daily gains with the immediate reaction to the US GDP report. The US economy expanded at a softer pace than expected in Q1 but the price deflator jumped to 3.4% from 1.8%.
USD/JPY climbs relentlessly ahead of BoJ meeting
The USD/JPY extends its uptrend despite verbal intervention from the Minister of Finance. The wide differential between US and Japanese interest rates is seen as a major factor contributing to the rise. The idea that a lot is already priced into the US Dollar could limit USD/JPY upside.
Editors’ Picks
EUR/USD retreats below 1.0700 after US GDP data
EUR/USD came under modest bearish pressure and retreated below 1.0700. Although the US data showed that the economy grew at a softer pace than expected in Q1, strong inflation-related details provided a boost to the USD.
GBP/USD declines below 1.2500 as USD rebounds
GBP/USD declined below 1.2500 and erased the majority of its daily gains with the immediate reaction to the US GDP report. The US economy expanded at a softer pace than expected in Q1 but the price deflator jumped to 3.4% from 1.8%.
Gold holds near $2,330 despite rising US yields
Gold stays in positive territory near $2,330 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day above 4.7% after US GDP report, making it difficult for XAU/USD to extend its daily rally.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.
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