After some cooling off next, SPX may spike up quite strongly later this month according to this Cycle to complete the sharp rally phase.
30min Chart
Deja Vu Cycle from 2011:
Daily Chart
SPY Deja Vu Cycle 2012:
Weekly Chart
Wednesday, December 12, 2012
$SPX - Deja Vu Cycle Update
Once the resistance area was broken, SPX pushed up and reached the short term target zone. In fact, it was exceeded slightly, and right on time. There is room in the Deja Vu Cycle for a dip and consolidation next. A number of supports rest below.
After some cooling off next, SPX may spike up quite strongly later this month according to this Cycle to complete the sharp rally phase.
30min Chart
Deja Vu Cycle from 2011:
Daily Chart
SPY Deja Vu Cycle 2012:
Weekly Chart
After some cooling off next, SPX may spike up quite strongly later this month according to this Cycle to complete the sharp rally phase.
30min Chart
Deja Vu Cycle from 2011:
Daily Chart
SPY Deja Vu Cycle 2012:
Weekly Chart
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SC,
ReplyDeleteIs the "cooling off" a must in your pattern? or will SPX rise sharply starting the next session while not violating your model?
SPX should cool off for about a week ideally according to this model. Keep in mind the dips have been shallow since the November low.
DeleteWhen I say "cooling off" that means either dips or sideways consolidation.
SC, what is the probability of this pattern working again?
ReplyDeleteTake a look at 1987 and you'll see similarity to your last chart, except we ran out of time. In 1987 markets were falling down by this point in time. These patterns rhyme and morph in time.
My thinking is that it has worked for years already. In combination with other analysis such as the 5-year cycle, which is in agreement, the probability looks high at least in the near term.
DeleteAt some point that will change, but as long as it is working, great. The market behaviour will provide the evidence as it plays out in the weeks ahead.
For a simple example it will be interesting in the future to see how SPX intereacts with the red trendline.
DeleteSC, are you expecting 30% crash in the SnP in january 2013? (per silver chart above?)
DeleteIf so, then i do not understand the logic of chasing a few points up.
At this point I am just waiting as this plays out. The short term trend from the November low remains up so it doesn't make sense to short yet either.
DeleteSCDecember 11, 2012 7:57 AM
ReplyDelete"Some resistance around 1432, heavier resistance in the 1437 to 1440 range, and support 1412 to 1415."
SPX right at the orange and green supports. This may hold for now.
ReplyDeleteHi SC,
ReplyDeleteSPX will go down more tmr?
I think SPX can hold and bounce here, then a little lower next week.
Deletesame as yesterday, nothing to do?
ReplyDeleteFlat market.
ReplyDeleteHi SC,
ReplyDeletenext week could be very important because of worry of cliff. lots of people think no deal before the end of 2012. do you think SPX will go down sharply next week?
Next week will be important for sure. I'll have an update soon and will explain with charts.
DeleteThank you.
Forex Kong sees the dollar taking a real dive here, and has been deadly accurate in the past few weeks - suggesting that currencies lead, and make excellent leading indicators.
ReplyDeletehttp://www.forexkong.com
why should we listen to him?
Delete