Review: From the June 4th Raj T&C Weekend Email (One month ago): “There is a cluster of 6-7 fixed cycles all due end June/early July that should be a major High or Low”
Actual: The fixed cycles due end June/early July: the 80 CD Cycle, the 90 CD Cycle, the 95 CD Cycle, the 32-33 wk cycle, the 5 Month cycle and the 1308 CD Cycle are all due late June/early July should be a major swing Low based on the dominant active cycle shown below. Fixed cycles can expand and contract by a few days to a few weeks and are not exact, while an “active” cycle is a precise historic cycle as it is +/- 1 to 2 days max.
(Click on image to enlarge)
Review: From the June 23 Raj T&C Daily Email: “There is a possible active cycle (grey lines in chart), which is the current cycle bias, that suggests from 6/22H, we decline into 6/25L (1), rally into 6/27H (2) and decline into 7/2 swing Low (3)”
Actual: From 6/22H, we declined into 6/25L, rallied into 6/27H and we are now declining into 7/2 swing Lows, which makes the above active cycle the dominant cycle to watch.
What’s Next: We should see a hard retest of the 6/28 Lows and ideally see lower Lows at today’s projected July 2 major swing Low+/-2 and start a multi-week rally phase. Bears beware.