|

The Dominant cycle has 6/24-27 as the next cycle Low

In my last 6/10 blogpost, "I was looking for a 6/10 High+/-2 of the month, which was the 6/8 High" 

SPX

From the Raj T&C 6/13 Weekend Email: "The Dominant Cycle 6/10 cycle High arrived 2 days earlier at the 6/8H and is looking for a straight down decline into 6/17 Low, then a  sharp rally into 6/22 High at the 2100-05 SPX area and then another sharp decline into 6/24 Low at 2025-30 SPX"

SPX

Actual: From the 6/8 High, we saw a straight down decline into 6/16 Low, 1 day earlier, at 2050.37 SPX, reversed and saw a sharp rally into 6/23 High, 1 day later, at 2113.32 SPX, only to see a sharp reversal back lower to a 6/24 Low at 2032.57 SPX so far.

The Golden ratio fixed Cycle suggests a 6/25 Low, supporting the dominant cycle.

Golden ratio 1618 CD Cycle of Lows: 10/10/02L 1616- 03/14/07L - 1618- 08/20/11L-1614- 01/20/16L

Golden ratio 1618 CD Cycle of Lows: 10/08/98L-1616- 03/12/03L  -1618- 08/16/07L-1618 X 2 = 06/25/16L?

What's next: The dominant cycle is looking for a 6/24-27 swing Low at the 6/27 Geometric Time CIT, chop around and then start a new rally phase.

Author

Raj Ian G Thijm, MBA

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.

More from Raj Ian G Thijm, MBA
Share:

Editor's Picks

Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash

Shiba Inu (SHIB), the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021.

Crypto Market Overview: Bitcoin, Zcash and Bittensor rebound, but are these gains sustainable?

Bitcoin upholds a subtle recovery outlook on Monday, trading above $64,000 as investors reengage amid easing geopolitical tensions, particularly in the Middle East. Altcoins are broadly rising, led by Zcash and Bittensor, indicating a positive short-term turnaround.

Crypto Today: Bitcoin, Ethereum, XRP rise slightly as US-Iran peace talks make progress

Cryptocurrency prices are broadly rising on Monday, with Bitcoin reclaiming support above $64,000. Ethereum holds above $1,700 as bulls target a short-term breakout above $1,800. Meanwhile, Ripple is back above $1.13 after testing the $1.12 support level.

Bitcoin struggles as ETF outflow streak extends to six straight week

Bitcoin trades around $64,000 at the time of writing on Monday after declining nearly 4% in the previous week. BTC investors remain cautious despite signs of progress in the first round of US-Iran peace talks in Switzerland.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.