Rally Time

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Rally could be much ado about nothing!

Rally could be much ado about nothing!

My MA cross/over  still on a sell!

My mechanical model still on a sell!

We hit a fib level today. Charts way below.

I think we watch for high AM low PM. (3:30)

Spx 2056.70 is on my radar.

Charts

Advanced Get to my surprise offered daily close wave 3 with little up power.

Based on that I have lower my S#2

Live Elliot Wave offered no surprise but an intraday wave 5.

Support-Resistance and my Target

More downside

Update at 3:15 Tuesday

Remember my target in advance is Spx 2009 to 2020 posted Saturday

Today we have 863 advance 2200 decl so far

NH 20 NL 119

This will feed on it's self.

 Look like it will be tomorrow,  at least, unless we dip the last 45M  

Jerry O

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12:30 Update. Tuesday

Once (if) we break 2050 I look for much more down.

IF counting I see only W1 & W2 in so far.  I'm not a pro counter at all.

It's important we close on the LOD    low of day JO

Monday close
The most bullish thing I can say is we had an inside day usually bullish.
I suspect it won't work. Had the vix been positive that would have been bearish missed by .15.
Volume had a down tilt most of the day. New lows have picked up.-I'm still on a MA sell.
We closed on a S/R area not only long term but intraday
Conclusion Unless we take out 2083.49 on the open I would expect a drop or sharply down day.     JO