Author Archives: pricentime

Most Likely SP 500 Weekly Top is In

Today’s intraday weakness that let the index to take out a prior low @ 2264.06.  This action made the prior high @2282.10 a swing high.  Most likely this swing high is also a bear top for the 3rd daily cycle, which is also the weekly beta cycle high if this high @ 2282.10 is not violated by Jan 19, 2017.  This swing high occurred in the daily bear top timing band. 

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$CLF Swing Trade Update

We issued buy recommendation at 9:56am today.  The long entry order was filled at 10:39am at 9.08.  It went really well after the entry.  During the intraday correction period 12:15-14:10, it didn’t violated any critical technical levels.  It never even came close to the open range high.  Despite weaknesses in the general indices, it was a solid bullish day. 

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$CLF Swing Trade

CLF is in the process of coming out the weekly alpha cycle low.  When it takes out the prior swing high at 9.08, it’s a confirmation that CLF will rally for the next 5-8 trading days.  Long entry@9.08, price target 10.56-11.96.  Time target Jan 19, 2019.  Get out of the trade by Jan 19, 2017 the latest regardless if the price target is fulfilled.  Stop loss 8.28. 

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Member Blog – Biotech Sector Intermediate Outlook

Biotech sector has been the shining star since November 2008.  It bottomed earlier than the general market’s crisis low in March 2009.  The rally finally was stopped in July 2015.  It has been range bound since February to August 2016.  The election rally didn’t breakout the August 2016 high.  Right now it is in the 10th week of the weekly cycle that

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Caution: Gold Miner GDX Daily Cycle Top is In

GDX had 18 weeks selloff since mid August 2016.  It finally bottomed on 12/20/2016 at 70.7% retracement of the entire advance it made in 2016.  It is currently in the 3rd week of the new weekly cycle.  It is 12 days into the daily cycle.  The top @ 23.35 made on 1/5/2017 met 38% retracement resistance of 23.63.  The top is in.  We expect

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