May 22-23 Swing High

By: Ian Thijm | Fri, May 23, 2014
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Forecast from last May 17-18 weekend: "The 5/16 Geo CIT was most likely the 5/15L and we are now headed higher into the 5/22 Solar CIT, where we could retest the previous 5/13 ATH, but remain in the 4 week channel"

Actual: From the 5/15 Low, we rallied 34 SP's into 5/22 High at 1896.33 SPX, retesting the 5/13 All time High at 1902.17 SPX.

$SPX 15-Minute Chart
Larger Image

A few days down, followed by a few days Up, this has been the non trending nature of the market for the last 5 weeks, frustrating Bull and Bear alike and making it relatively difficult to trade for many. We remain in this 5 week trading channel, with channel resistance at 1905 SPX and channel support at 1868 SPX channel support. All trends are up, but whichever way it breaks this 5 week channel will determine the next major trending direction.

What's next: Swing Traders: We make a May 22-23 swing High and start a decline soon after into the next major swing Low at the next Solar and Geometirc Time and Cycle cluster.

Intraday traders: Intraday 5 min SPX Change in Trend (Highs or Lows) Times to watch for Friday 05/23/14: 10.40, 11.05, 12.15, 12.40 pm Eastern. The intraday cycle today is biased to be down and next Tuesday is biased to be up.

 


 

Ian Thijm

Author: Ian Thijm

Ian Thijm BSc, MBA
Raj Times and Cycles

My first experience with the Stock-markets was during my MBA in August 1987, right before the 87 crash. Needless to say I fell in love with the markets and studied everything I could on Timing and Cycles in the Markets, including Gann, Bayer, Baumring, Astrology, Geometry, etc. Although I loved the markets, the markets didn't love me the 1st 7 years. Then I found a unique "Ezekiel Wheel" (Symmetry Point Cycle) based on the works of James Brock and in October 1994, I turned $5000 into over $112,000 in one month. I thought I had found the Golden Key to unlock all the market profits, but the markets again humbled me. I spent the next 7 years studying and researching various unique Time and Cycle methods. Then in June 2000, I met my Partner and I became a full time Investment Manager. Life, like Markets goes through Cycles and the next 7 years, I had the most valuable, enriching lessons in my life with Markets, People and managing Money. It was very enlightening. This brings us to the present day, where I feel the need to share and teach what I have learned and that is what this blog and website is all about. I hope it is worthwhile to you.

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