Thursday, June 18, 2015

1980-1990 Spx coming

Fed speak today was good. Does market like good news? NOOOOOO!
If we follow the Transports down then 1980-1990 is on tap .

Support/resistance temp. sold my calls today, holding only longer term puts as of tonight.

Monday, June 15, 2015

Major cycle low is due! -pondering update

Update 6-16 close. Sure 2072 was a double bottom.
Is it going to hold after Wed Fed rally?
Several indicator suggest this is a relief rally.
MFI and my proprietary parabolic didn't offer a low.

low  98.xx next day hi odds
hi is 101xx High in 3 days hi odds 

   I didn't see these numbers eitherJerry

We have the  90d , 120 D and the 165degree cycle all due in this time frame +/- 2 TD