Saturday, July 16, 2016

ST target 2111 SPX

OK we never got the gap down and still are marching for 2111 SPX .
Still over bought so nothing has changed. We could plunge at any time or rally due to the overbought condition.

After running my data:
We had an outside day considered bearish by me 70% of the time.
Wave 5 of v Advanced get.
Double top.
Super over bought.
4.94% model very overbought
My moon count looks favorable.
I think 2011 is still coming but we need a rest.
We will need a strong gap down Monday to set this up
 Jerry O   click chart to enlarge