Friday, March 23, 2018
Friday, March 16, 2018
Consider this! SPX
First we have a new moon on Friday.
We have option expiry usually up. Failed ones plunge big.
We have 4 red days a new pattern?
We have a yellow or -1 day, yellow color not working?
Break down yellow means we will rally Monday at least if not a big intraday turn up Friday.
I have no crossover so remain on sell but big move up will change that.
No matter what Monday is up from past data little/big ? One day wonder or more?
Posted by Jerry at 1:27 AM
Friday, March 2, 2018
Sunday, February 18, 2018
Sat Feb 17th 2018
Scenario’s based on the past.
Looking for big drop of 307 +/- SPX points. Next week a holiday week is big compression. Drop should take 8TD till March 1st-2nd.
We could just see a double bottom.
What would make this scenario wrong? If we close above SPX 2763.39
What do I see?
ROC,RSI,CCI,A/C,MACD weakess after 5 fibs of advance.
OBV & MFI too strong
We hit the 200 dma now back to 25 dma or 80% dma up rally.
Looking at the wave chart we see us at circle of danger .618
We see wave (2) 2839 – wave (3) 2532 or 307 pts.
If wave 2&3 =307pts then wave (4) to (5)- 307 pts roughly.
We could be at SPX 2454/2426 some time in the next 8 TD
If we take 8TD to hit a double bottom that will be it.
We then rally sharply to new highs, or a slow rally probably offers a failure to newer lows.
Posted by Jerry at 1:09 AM