Financial Market Time Cycles ALERT!

I commence with my gratitude to The Creator

Has the market been creating a "bull-trap", or it is just trying to test the support (previously resistance.)

Market has lost all of its gain from the morning gap!! Is it doji reversal? We are smack in the middle of time cycle for reversal (+2 day).  Or we already have had the correction, needed for next bull-run. SPX 1,330 must be held and same is true for DJI's 12,400 level.

Today is the day, when it shall be finally revealed to us by the market price action.

Financial Market Time Cycles Update 4-5-11

I commence with my gratitude to The All-Knower

Time cycle has shown its strength but only limited to Tech-heavy NASDAQ. and NASDAQ-100 has retraced from its Friday's high at least 50% of the last up-swing.

When market only corrects for less than 3 days, then the Bulls are in control. and My original assumption of an exhaustive rally into May June might still be valid.

However, there is one caveat, please see the attached charts. If that resistance holds, then does it mean that time cycle (to create a CIT) is still in effect and being delayed by 1+ day (on other markets indices, e.g., Dow Industrial and S&P )and we shall have down leg starting from tomorrow. Therefore, rejection at these level is also in the picture, due the price cycle still having resistance and within one day orb of the time cycle. Thus creating time/price cycles squaring.

If the market does not gap up tomorrow, then, in the absence of gap up, a long green bar (blasting through the resistance) and supported by a strong volume is other alternative.