Tuesday, June 7, 2016

Remember the 7th or 17th

Here we are one day before the 7th my first target  date and we hit the 5th wave. I think there is a little more upside because the moon is in a favorable phase. Unless we have a crazy gap higher that is clearly unsustainable I think we could slowly go higher.
If we remain calm I would look at 17th. Even if we drop a little there should be a 5 TD retest of high.
 click chart to enlarge

Sunday, June 5, 2016

Working Bollinger Bands

Most people will buy or sell when the BB is pierced by a stock or index.
Usually this works very well but if you use a 3 zig zag it clears the picture.
I have annotated a chart to show a few examples on the current SPX
Jerry  June 5th 2016