Friday, August 28, 2015

Wave 4 rally should be over.

UPDATE Sunday nite.
I have no call other than wave 4 is unfolding and we head down to wave 5 lows


The math on my spread says we had an EDT down close as pictured on a 5m

Here we see the wave 4 rally that should be over. Read the chart for direction and limits,right click will enlarge it!  Jerry

Wednesday, August 26, 2015

Rally time

3:35PM ET I think rally is a one day event just like the DAX.
I posted this at 4:20pm in email
Notice we closed at a double bottom so tried to buy an oex call since they trade till 4:15PM ET
price was 10.40 I put in for 10.50 and they keep going to $12.40
I don't have to look to know that futures are up.
I expect a rally tomorrow.

Late night check I see them up big time.
R1 is 1921
R2 is 1976.20   and I think it will be tested shortly.


Monday, August 24, 2015

How important is SPX 1820

If 1820 goes there are only a few support area's before Spx 15xx


Sunday, August 23, 2015

More down

Take a few days off and boom.

Last post I said rally would end shortly and looked for a low on  28th to 4th.

We are in a wave 3 crash so it could be over before the 28th.

We should have new resistance at Spx 2070  and support at 1900.

I know many think that 1820 will fall here but I don’t

Using the Gann angles it offers Spx 1900