January 4, 2021 is our next Time and Cycle High

 

The SPX gapped higher to fresh All-time Highs at the opening 9.30 High at 3769.99 SPX today, right at our outstanding 3760-65 SPX Triangle target we had for many weeks, reversed a sharp 107+ SP to a 12.15 Low at 3662.71 SPX and closed lower, down -55.42 at 3700.65 SPX. 

Time CITs: We rallied into the 12/31 Geometric & 1/02 Solar time CIT, suggesting we saw a 1/04/21 High, right at the Open and we saw a sharp intraday reversal and close lower to confirm, closing back below key Fork and LT Trendline resistance at 3730 SPX. 

Cycle CIT: The 108-week cycle (see above chart) was due 12/31/20, but has a variance of a few weeks, and may well be today’s 1/04/21H, right at the projected 1/05/21H+/-1.

12/31/20:108 week+/-1 wk Cycle: 8/27/10L - 9/14/12H - 10/15/14L - 11/08/16L – 12/5/18H-2- 12/31/20 +/-1 week. 

What's next: We confirm the 1/04/21 swing High and see a continued decline into the next Time and Cycle cluster.