We’ve got Emini cyclical lows on multiple time frames. The Emini charts below show we have Hilbert Sine Wave cyclical lows confirmed on the 45 and 81 minute charts, and cyclical lows approaching on the 135 minute and daily charts.
Hilbert Sine Wave Cyclical Low (Emini 45 minute)
Hilbert Sine Wave Cyclical Low (Emini 81 minute)
Hilbert Sine Wave Cyclical Low (Emini 135 minute)
Hilbert Sine Wave Cyclical Low (Emini daily)
When this happens, typically we have the start of a large move. Mostly the move is in the direction of the cycle – in this case the beginning of a new up trend. However, if the cycle lows fail the resulting break down will also produce a large move.
My best guess is that the move will be to the upside:
- The Better TRIN systems have signaled long
- The Bond market is in an up trend
- The US Dollar versus the Japanese Yen is also strong
The only caution is that the Commitment of Traders Oscillator is over bought and my last article said the momentum was more likely to the down side.
The interval of the charts above might seem like they’re chosen at random. But they are designed to catch cycle moves developing in different time frames. There are 9 complete 45 minute bars in a trading day; 5 complete 81 minute bars in a trading day; and 3 complete 135 minute bars in a trading day.
Good luck with your Emini trading and let’s see how this plays out.