Time and Cycles Review and Forecast
In my 7/27 blog post, I had a 7/26-29 Time and Cycles (T&C) Cluster Change in Trend (CIT), which became the 7/26 Low.
From my 7/27 T&C weekend Email: "Short Term: 7/26-29L, rally into 8/2-5 Highs".
Actual: We made a 7/26 Low and rallied into Friday 8/2 High at 1709.67 SPX, which was the 8/5 Solar CIT High and right into triple trend line resistance. The 4/26/10H-5/2/11H major trend line held back the recent 5/22/13 rally High and more recently the 8/2/13 All time Highs.
What's next: We should now decline into my next T&C Cluster CIT and make a major Low of the Month.