Feb. 2017 4.94% model

Looking for gap up Wednesday Mar 1st
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Friday closed very O.B. I look for a gap down in the shot term open. Now how over bought are we? Here is a chart of the 4.94% model. As you can see it can come quick or run for a few months like July -Aug 2016.

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Not a gap down but in a few minutes it went down.     Here is a shot of the low at 11:15 cross over.

 For Friday i look for a gap down open. Will watch for AM high.

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Just keeps climbing. Look for gap down open for Thursday
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Looking for an AM high for Wed.
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Friday couldn't rally fast enough.
Monday a bonus rally . For Tuesday I look for a gap dn open but an AM H
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New highs! Thursday looked like a gap up and it was. Friday looks again like a gap up. It's an AM Low day so we could again rally all day.
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 Sure was wrong about Tuesday. Looks to gap down Wed but should be a hi AM day.
I said we would see lower before 2300 SPX still true so far. Money still coming out of bonds. 
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Tuesday looks to gap down again. I don't see the bullishness or follow through from Friday.
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 Well Friday jobs number was a surprise. Surprised that it didn't take out SPX 2300..

BOP = (Close – Open)/(High – Low)*5   This tells me we at least near a ST high. Monday is S2B-- Either Fri was the ST high or we see it Monday....!

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Update Thursday flat again not very telling. I still look for a correction. Why, earnings are 53% out, and bad earning come last. Fed speak is done. So what is the push higher? I can't think of anything long lasting.
Indicators look for Friday to gap down. I believe we will see 2233 spx/ 2200/ before we see 2300 again

Jerry
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The 1/2 way  point and strong resistance is Spx 2284.10

No matching buy on bottom indicator 2PM ET



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Flat day, tried to correct but Apple held it up. Indicator are mixed.
I hope to see us down as the EOM rally has been weak.