Change-In-Trend

with Anthony, ZigZag & Platy

Short & Sweet

It is evident from a range of cycles that we are nearing a short term high.

  • Composite Cycle and the AstroCycle are showing a high
  • 10 Day Hurst Cycle is projecting a high
  • Fibonacci time cycle drawn from prior peaks is suggesting a high.

However, before i jump fully into a short position i think it may be best that i scale in as im looking at the potential for another move higher. Futures are currently trading at 1344, however i see the potential for upside into the 1360-1370 region outlined in the attached chart and calculated using a measured move approach in confluence with the ChangeInTrend pitchfork methodology.

In terms of downside it may be worth looking at the wave structure. It appears that we have now completed minor wave 5 and major wave 4 meaning that we should now move up into a major wave 5 high. I wouldn’t like to guess at this stage how long this is going to take for it to play out. However, im sure that now we are moving upwards again we will revert back to a mini wave 5 structure in each minor wave. As opposed to the mini wave 3 structure we saw on the way down. Therefore as we have completed major wave 4 it is unlikely we will breach the 4 June lows. I’ve highlighted the area of 1279-1285 as a potential retest zone.

A look at the Natural Cycle for the USD is indicating that the dollar could start to move up in the next couple of days before moving down again into late June where a high in the S&P500 is expected. Given the time cycles for both the USD and the S&P500 the expected down move could be sharp but short lived.

The 10, 20 and 40 day Hurst cycles are hinting at a low in the 18-22 time window. The cycle progression charts are suggesting we are weaker into 15-18 June. So i will have to reassess at the end of the week where we are at. A short but sharp drop is likely to shake out weak longs, ill just be reloading to the upside.

Enjoy the rest of the weekend.

Anthony

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13 comments on “Short & Sweet

  1. jwdchan
    June 16, 2012

    Hi Anthony

    hope you feel better now.

    it looks like we reach this 1340ish number today. would that be the upside you looking for before we go down?

    Thanks!

  2. Anthony Tudela
    June 15, 2012

    We are runing out of time for downside leaving only today and Monday before the bias changes to up into 22-25 June to the original price target of 1364-1369 shown in this chart https://changeintrend.files.wordpress.com/2012/06/spx8.png

    Feeling better today, something is going around at the moment. Will try and post a more detailed update tonight if im upto it. If not look out for the weekend post.

    Remember patience + plan = profits.

    Thanks
    Anthony

  3. Maggi
    June 14, 2012

    Thanks for sharing your findings. Have a good rest.

  4. mike
    June 14, 2012

    Anthony,

    your health comes first. the market will always be here when you are ready to trade. take care of yourself and enjoy life.. thanks for all your help and thoughts.

    Mike

  5. Anthony Tudela
    June 14, 2012

    Waiting for a breakdown out of this consolidation, a spike up then sharp reversal downwards again into early July

    Feeling a bit better today

    Thanks
    Anthony

  6. Anthony Tudela
    June 13, 2012

    All

    I wont be posting an update for the next couple of days as i am in need of some rest. I do have some model developments.

    At the moment the cycles are mixed, the cycle progression charts are showing a down day into 15 June. The squared week cycles are saying that yesterday was a high. The 10 Day Hurst Cycle is also saying that the 12th was a high.

    With only 2 days left until the cycles turn bullish and a fed meeting this morning combined with OPEX week i see no point in playing this to the short side when upside targets for entering a short position have not eventuated and we have within 9 points over the last 4 days trading. Therefore i will wait for the next low and buying opportunity up into 22-23 June.

    If you are looking to play look for potential upside target of 1342-1346

    Many thanks
    Anthony

  7. Anthony Tudela
    June 13, 2012

    Jwdchan

    Im looking for a pop up but the time cycles are suggesting down into the 15th so i think we could see weakness here before the pop eventuates. Therefore if you are short be out by 15th June.

    Thanks
    Anthony

  8. jwdchan
    June 13, 2012

    Hi Anthony

    Wondering if you got into any long or short position today?

    Thanks!

  9. maxpwrs
    June 12, 2012

    anthony,

    very nice and timely short yesterday…patient trading on your part…

    • Anthony Tudela
      June 12, 2012

      Thanks. Am closing out. Looking for higher prices today, may reload near the close, lets see how we finish this session.

  10. Anonymous
    June 12, 2012

    Anthony

    Id just like to say thanks for all your efforts!!! The cycle maps really help me in my trading woooot

  11. drrock
    June 12, 2012

    thanks. hope you had a good weekend.

Comments are closed.

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