1980-1990 Spx coming

Fed speak today was good. Does market like good news? NOOOOOO!

If we follow the Transports down then 1980-1990 is on tap .

Support/resistance temp. sold my calls today, holding only longer term puts as of tonight.

Major cycle low is due! -pondering update

Update 6-16 close. Sure 2072 was a double bottom.
Is it going to hold after Wed Fed rally?
Several indicator suggest this is a relief rally.
MFI and my proprietary parabolic didn't offer a low.

low  98.xx	next day hi odds
hi is 101xx	High in 3 days hi odds

I didn't see these numbers either

Jerry

 
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We have the  90d , 120 D and the 165degree cycle all due in this time frame +/- 2 TD

Still think rally is all smoke and mirrors!

Sorry I posted this last night to group but forgot Blog.
timingshortterm  yahoo groups
These indicators/fractals look very close so if we are going to fail here, we need to open weak or double top and drop.

 

On Balance vs Spx

HIGH odds low is Wed

Low Wednesday!
Every thing says' a low Wednesday. I would watch these numbers.
All Spx steps 2096.03,   2085.57,   2074.99
A close above 2126.07 would change the short term trend back up.
I will be more cautious if we spike higher on the open. Watch the Dax, and $$$

When !

Monday late night  9:23 pm
As I suspected I did both a moving average sell and a mechanical sell. MKt so jumpy may mean nothing.
As far as I can tell the priority indicator in DT5-DT7 has offered a sell and the bands do suggest strong resistance.

Friday 2:30 update

CTIX      This is a $2.64 stock better then option. News it has expanded it trails on cancer drug, and this is at Harvard.      

Sue any thing from you  sources?  I did buy some what the " H"

BTW if we close down ( spx) I will get a sell order. Does it mean any thing the way the TA works of late only time will tell.   

CPI @ .03   If burger worker get that $15 raise or some raise the price of the $1.00 menu will go to $2.00.    Pressure is building from the bottom.

$10.00/$15.00  is a 66% raise  

Jerry

 
Thursday was an inside day considered bullish by me, but TA has been poor of late.
Possible we hit strong resistance today with a double top. Janet will rule Friday.

Here is Planet V in action on the SPX. This perfect sell was 12-29-14
@ spx 2090.57 losing 102.45 in 13 fibs days. 90 points was fairly captured.
When will we get there I don't know . Jerry

.

WWW or some thing big?

Was it just another Weird Wally Wednesday or much more damaging. answer neither ! www is Wed is W of option expiry week, I stand corrected. updated
We had an outside  day today  bearish to me.
Volume was not telling neutral
Higher high them give it up is not bullish usually
MFI gave a sell   chart below.
Is it a EDT?   bearish  chart below with sample.
Wave 5   for sure topping
3rd chart down, the trans ports   ugg    bearish

Please view this chart a lot of distribution today!  bearish

http://www.wwfn.com/crashupdate.html

Cycle high

Weekend and first of Month.
Still look for 2044 Spx this week. Full Moon. Sell still in effect.Over bought. If we gap higher then I'm totally wrong.
Jerry O
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Wed 4-29 -15 close update
Broken record again.  Received a MA sell and a mechanical color sell. No EDT buy this time.
We did have an inside day I usually consider that bullish, however we had a -16.68 drop in momentum vs a drop of 7.91 Spx points. That calls for a lower price. If the market was to follow the DAX level we would be at SPX 2044 or Spy 204.5. My call is a sharp down at some point Thursday.
Jerry     EOM position challenge.
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Monday close update.
Received a MA sell and a mechanical color sell . However you can count 5 waves down and a EDT signal also posted. I think we need to watch Dax for weakness, need at least Spx 2097 to get the bearish juices flowing. No charts tonight.

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Still think we are near a cycle high and one more day could put the MFI into OB and the DPO giving a better signal.

30 CD Cycle looks about right. On 2 -25 we hit a high and closed 6-8 points below the high.
On 3-23 high closed 6-8 points below high.
On 4-23 high close 6-8 points below high with following.
A cycle H+H+H  look very good here. I expect a few days of strong weakness

.
Is this a top? Probably not because the 4.94% model would have us at Spx 2160  today.
I have a 4td MA on the MFI, very weak here. A better fit would have been O.B.
Jerry

NO technical damage YET!

Other then the NYA we have not had the technical damage we would hope for.
I have a chart with $DAX over $SPX both are holding, but $Dax did plunge first and all eyes will be on it tonight.
I also have a $DAX lower in that chart with the 50dma just to show you we need a big break in the trend is going to change. The money flow did take a crazy dip on Thursday close
Erik Hadik says we are in for heavy selling I hope he is right.

2 signals

Thursday close. 2 signals. We had an inside day with a down day considered bullish by me.
I also have a short the rally signal.
If we rally strongly Friday then it is a short.
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Right from the open this was wrong.

I get a sell if we take out and close under SPX 2094.

To be honest I have had 8 wip buys and sells in the last weeks.

When one direction finally takes it will be a big move.

I’m neither bullish or bearish yet. Why “Wall of Worry is back”

Low interest rates and free money World wide.

If retail sells are strong it will move the market.

IE good news could plunge the market, because bad news has been holding it up.

 Ps Monday we had an EDT close calling for ideal -

low am and high close Tuesday that worked.

OF course the chart has to look like a EDT, ( just a formula only half works, but does

Alert me.)