Specifically - the Wall cycle (20 weeks/102 days/4.5 months) should top. The Wall cycle bottomed Nov 19, 2012 and again 4.5 months later (Nov-Mar 4.5 months = 1 cycle). Then half a Wall Cycle to a top is 2 months 1 week (which is early June). Then there is the 1/3 Kitchin cycle which is 13 months long (bottom Nov 19 + 6.5 months to the top is early June).
With these 2 longer cycles topping (flattening) the shorter cycles have more influence. This is what we are seeing as we get short (time periods) moves up and down, This is the movement I told you to watch for. I also told you to watch indicators like short term RSI for direction changes (short term trades). Here is what I am seeing:
No change - short choppy moves (up, down, up, down) - EOD:
Wed May 29 - Market selling down after an up Tue:
The market continues short choppy moves up/down.....
EOD May 30 - choppy up/down continues ( as top is formed in my opinion):
May 31 - Market fulfilled down as projected. (and a point or two more)....
So far today is much as shown on chart....
ReplyDeleteMay 29 - Down big early and recovered about 50% by the close, market continues choppy up/down. Dow set a new closing high yesterday. Today utilities are in correction mode (down 10% plus since high in April). Zany market.
ReplyDeleteGann Square of nine (SPX) - GANN Recommendation:
ReplyDeleteBuy at / above: 1650.39 Targets: 1659.73 - 1669.93 - 1680.15 - 1690.41
Stop loss : 1640.25
Sell at / below: 1640.25 Targets: 1630.95 - 1620.87 - 1610.82 - 1600.8
Stop loss : 1650.39
Hi Inlet are those prices the S&P cash price or the futures price?
ReplyDeleteBased on real closing price. Google "Gann square of 9" for additional info
ReplyDeletehttp://www.stockmaniacs.net/gann.html
ReplyDeleteGANN Recommendation:
Buy at / above: 1660.56 Targets: 1669.93 - 1680.15 - 1690.41 - 1700.71
Stop loss : 1650.39
Sell at / below: 1650.39 Targets: 1641.07 - 1630.95 - 1620.87 - 1610.82
Stop loss : 1660.56