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Wednesday, January 18, 2012

SPY - Timing Cycle Convergence

There was increased volatility around the last set of timing cycles shown last week.  A larger set is coming due on Jan 23-24th. 

The turquoise fork line was tested yesterday, and that may hold as support for now. 

2hour Chart

34 comments:

  1. I have a cycle peak on the daily for today, but it's very possible this gets extended to SC's 23-24 date.

    http://tinyurl.com/83s4rew

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    1. Here's what I was looking at on the daily chart for possible short term peak.

      http://tinyurl.com/6nmfh9o

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    2. ZZ, is this the projection for 2012 ?

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    3. Hi Timer..The market will likely resemble something similar to this in price. I use it mostly for time..

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  2. Thanks ZZ, interesting.

    I'm working on another timing chart as well, coming soon.

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  3. Hy Sc , 1241 top , 1269 top ,1289 top and 1308 / 1312 ( today ) top . The next top ? please. Thanks

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  4. SC how much more upside you think we got here?

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  5. We are right at the target range now. This resistance may take some testing, but should prove to be solid. I have another chart coming next that is interesting for timing and price levels.

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  6. Hi SC

    Are you in any position now? long or short or cash with s&p?


    Thanks!

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    1. Not yet, but planning to build up an S&P short position.

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    2. pre market we are at 1311, you anticipated a sharp drop from here. When does this happen and where does the drop take us?

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    3. Yes, we are right at the target zone now. My cycle analysis looks weaker later today. So we could see some selling off this level later today.

      The market is coming into the time zone for a turn as well Monday.

      I have a chart coming with next timing and targets.

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  7. SC
    Market Map
    Published tonight
    http://markethighsandlows.wordpress.com/

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  8. Watch $XII today. If it can't close at a new high it might signal a short term peak.

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  9. cashed out of longs just now.............as predicted...........up into this range in time and price.

    will be looking to buy the dip.

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  10. there will be corrections in this market but I ask again.................where's the crash?

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    1. Where's even the corrections? This is getting annoying

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  11. SC, how far silver can go from here?

    Anyone long?

    Thanks

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  12. looks like S & P is heading for 1325....

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  13. We'll see about Silver - it may try for $31.50 or so.

    VIX hitting a new low today per my weekend analysis. The white line comes in at 19 so it is getting close.

    NDX has been on a roll the last few days.

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  14. INDU maybe short term peak here. Just waiting for better area to add to my longs. I'm very bullish on the year.

    http://tinyurl.com/7t6ko4q

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  15. I'm short at 1313, looking to add it it reaches 1325.

    Target is at least 1300, or 1275-1280 short term

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  16. SC.. you think we're topping out here?

    Whats your downside target ?

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    1. It's getting frothy up here Sami! I'd still like to see more though because we are not quite into my time window yet. Very close though.

      Hold that thought on the downside targets. Working on that chart now.

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  17. SC, you see this as a correction on the way to higher highs this summer with lots of volatility on the way?

    Atilla D. posted his view in late december, canceling his bear prognosis and suggesting broadening top formation pattern into late 2012 on the back of the european printing presses. Your thoughts on this?

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  18. What I am seeing is weakness in the first half.

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  19. SC,
    Natural Gas Buy ?
    In depth article here
    www.markethighsandlows.wordpress.com/

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  20. SC... whats the top target you have ?
    price wise
    for this wave up

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  21. zig zag, do you a blog site ? I will like to know more about your views of the markets.

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    1. I'm working on putting one together. I really need one, even if it's just for a place to link up all my charts.

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    2. I vote for that. Found you !

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  22. SPX Weekly line chart with multiple cycle alignments for possible short term pullback.

    http://tinyurl.com/6t6jqp5

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