Japan PPI inflation slips to 11-mth low in July
Summary
In the current E-Mini S&P 500’s landscape, we are in the final quadrant (270°–360°) of the master cycle that began with the September 2024 major swing low.
Based on current alignment, the 360-day cycle is projected to complete in early September 2025, with mid-to-late August as the “storm window”
If the August 13–14 Gann turn is a high, the 360-day cycle may already be completing its “secondary crest,” suggesting a steep correction into late August–early September toward 6200–6150.
Macro (BCBA:BMAm) Context – The 360-Day Master Cycle
The 360-day cycle, one of W.D. Gann’s cornerstone timing frameworks, acts as the “heartbeat” of market structure—marking full rotations of both time and price vibration.
- In the current /ES landscape, we are in the final quadrant (270°–360°) of the master cycle that began with the September 2024 major swing low.
- This quadrant is historically known for climactic volatility: either blow-off tops or violent shakeouts before the cycle’s conclusion.
- Based on current alignment, the 360-day cycle is projected to complete in early September 2025, with mid-to-late August as the “storm window” where secondary peaks or troughs are often set before the final run into cycle termination.
Intermediate Structure – The Current Rally Phase
From the 6251.25 pivot low last Monday, price has advanced sharply into a high of 6431.50, stalling just under the VC PMI Sell 2 Weekly level (6460) and Sell 1 Weekly (6477).
- This mirrors the 360-day cycle’s tendency to test upper harmonic resistance before the final cycle turn.
- The VC PMI pivot at 6404 is now the battlefield where institutional order flow is balanced—buyers defending, sellers capping.
- Below, 6380 (Buy 1) and 6360.79 (Fib 38.2%) form the first key reaction zone; deeper support sits at 6346 (Buy 2) and the weekly Buy 1 at 6301.
- If the August 13–14 Gann turn is a high, the 360-day cycle may already be completing its “secondary crest,” suggesting a steep correction into late August–early September toward 6200–6150.
Gann Time Cycle Alignment
From the 6251.25 low, we are 270° into a short-term Gann cycle, with the final 90° (into the 360° completion) pointing toward Aug 13–14 as the near-term timing pivot.
- If this timing pivot coincides with a price reversal, we could see either a final rally to 6477–6524 or a breakdown toward 6312–6301 before the larger 360-day cycle drives a more decisive move.
- Importantly, Gann taught that time is more important than price—and the Aug 13–14 window comes right inside the “storm window” of the master 360-day cycle.
Square of 9 Harmonic Projections
Plotting the 6251.25 low on the Square of 9:
- First harmonic resistance: 6460 (already tested and rejected).
- Second harmonic upside: 6524 (possible August target if bulls regain momentum).
- Downside harmonic: 6312 (in sync with weekly Buy 1 cluster).
These harmonic alignments act as magnetic zones where price tends to accelerate when reached during a cycle turn.
360-Day Cycle Implications for /ES 
- Scenario A: Cycle Tops Early
If the August 13–14 Gann turn is a high, the 360-day cycle may already be completing its “secondary crest,” suggesting a steep correction into late August–early September toward 6200–6150. - Scenario B: Cycle Extends to Blow-off
If bulls defend 6404 and force a breakout above 6477, the cycle could extend into an upside blow-off toward 6524–6550 before collapsing into the September cycle low.
Market Psychology & Positioning
The MACD is just crossing bullish, but still flat near zero—consistent with a market in pause mode before a time-cycle decision. In the final leg of the 360-day cycle, traders are often split between:
- Late bulls chasing momentum.
- Early bears positioning for the cycle collapse.
This tension is visible in the multiple failed pushes above 6430, despite strong buying off 6380.
Trading Playbook
Bullish Path: Hold above 6404 → breakout above 6431.50 → attack 6460–6477 → extension to 6524 into Aug 13–14 Gann window → take profits before the September 360-day cycle turn.
Bearish Path: Failure to hold 6404 → breach of 6380 → 6360.79 → 6346 → acceleration to 6312–6301 → possible flush toward 6200 into September cycle low.
Bottom Line
We are entering the most critical time/price zone of the year for /ES. The August 13–14 Gann pivot, embedded in the final 90° of the master 360-day cycle, could produce the defining reversal for Q3 2025. The VC PMI map gives precise entry/exit levels, while the time cycles warn that the next big move may be explosive and final before the cycle resets.
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