Last Gasp Rally Phase?
(Click on image to enlarge)
We have had some wildly volatile couple of weeks recently.
From the 1/29 Raj T&C Update: "The 1/27-28 quadruple time Cluster was a 1/26H and a possible 1/29L today... The 39 TD Cycle in the Emini SP (see chart) suggests a 1/29-2/1L".
Actual: We made a 1/29L in the SPX Cash and 2/1L in the Emini SP futures and have now started a last gasp rally phase.
(Click on image to enlarge)
(Click on image to enlarge)
What's next: From the 1/29L, various proprietary active cycles are expecting a last gasp rally and the coming High could be the High of the Year.
If these cycles are correct, time is running out as a giant bubble is about to pop.
As they say, may we live in interesting times.
Disclaimer: Trading in Stocks, ETF, Options and Futures involve risks. Trade at your own Risk. Do your own homework. The contents of this blog are for general information and ...
more