Very quick post today. The largest moves happen when cycles in multiple time frames coincide. Good example from Tuesday’s Emini trade is shown below.
Cycle Analysis – Cycles Lining Up in 3 Time Frames (Emini 233, 699 & 2097 tick)
Disappointing Consumer Confidence numbers lead to a very quick 10 point decline. Cycle analysis was indicating 3 cycle tops coinciding in the 233, 699 and 2097 tick charts. Maybe I should re-state my rule: "The largest moves happen when cycles in multiple time frames coincide with the release of economic data."