Lower Next Week.

Hi All,

Today Thursday I said @ 11:30 am ET that 2110 needs to fall but it held hard for a while.

Now that 2110 SPX has fallen I believe it is strong resistance.

Friday is a wild card and I have no call!

I have a low next week and a retest of that low the week after Aug 3^rdISH  to get long for a sharp rally to 13-14^th or 20-21 expiry more on this in a week.

How low could we go? Of course it will have to be find tuned but 2075/2083 SPX looks do-able if this is a wave 4 correction. Lower than 2075 and this is no Wave 4.

I look for a momentum number of 4150- currently we are at 4221.

This is what Advance Get looks like.with 618 @ 2075 Spx

Jerry
 

Sells every where.

Tuesday 21st – Wednesday-22nd critical

Tuesday 21^st – Wednesday-22^nd  critical 

Tuesday we have Apple and Verizon earnings to mention a few power houses.

Monday closed at the most Overbought level since Dec 30^th when we dropped 100 spx points in 6 TD.

Or back in Oct 27^th where we went up 150 Spx points in 30 TD.

SO Overbought doesn’t mean we will drop!!!!!!!!!!

My best guess is we will drop by Thursday this week at the latest.

Jerry