Flat for now IRAN next.

Sold my calls today Monday rally. IRAN maybe the news Tuesday.
Iran aside I look for a little more rally Tuesday before we pull back to say 2080-88. The math says Monday is a EDT -D and the chart does offer  some what of ending digital triangle look.
Charts offer more upside and the high could be the 16th new moon.
I have been using the 15th-16th as a best guess for last gasp high.
Working on where next low could be, next purchase will be puts.

Staying long!

Quote of the week- “Sometimes, when it’s too obvious, it’s obviously wrong.”

I like that and have stayed long looking for 2100 Spx some time this week 15^th or 16^th

would suit me. I had this week picked out weeks ago as a high but let us see what it takes to get over bought. This is opex expiry week and a good place for a high.

Next after this week we will be looking out for the start of a decline and I think they could be much faster than we are used too.

Jon Murphy had a letter out this week with his Elliot Wave count, basically looking for a wave 4 pull back and then wave 5 higher.

My Advance GeT has us in a finished wave 5 and now in ABC corrections.

This is important: We are at the 125 sma line. I don’t think it will be resistance but if it is, back on Oct 15^th 2014 we dropped 6.56%  and if we do it again then the target would be Spx 1950.

If 2040 falls then I had 1970-80 so 1950  would be in range. I don’t expect that to happen yet.

Jerry      Timingshortterm @ yahoo groups

Not investment advice……………………………………………………………………..!

Mother of a short Sqeeze starts July 9th

I said yesterday if we had an inside day we will rally.
Sure enough we had  the inside day, out of many things the market could have done! That is the Wall Street code to rally.
It's all fixed, to screw the little guy, but the little guy can play too. To be clear I'm not saying every inside day is a buy only the special ones
I look for the mother of a short Squeeze to start Thursday and go until the 15th or 16th of next week.
Not trading advise. Do you own work and figure it out.
Jerry
Fun and games on the internet.     :)

Weird Day

I was hopping to see Spx 2098.63 by Wed but we may need to wait till next week.
Maybe I should be bearish but I'm not.
Why, well why aren't we down big time It looks like a market not ready to go down.
Sure future's are down big time again tonight @ 12:30 pm ET. China crashing and Asia weak.
My problem is on the 6-30 double bottom low we had  heavy volume. Today point for point we had light volume moving us up from the low.
We are in a C wave, but where can you find a C wave that was also an outside day reversal?
Where is a C wave confirmed by 5 waves down.
Conclusion if Wed is flat and an inside day that will be bullish, or else we crash since this C can be a crash wave.
I remain long but with little confidence.

Staying Long for now.

Saturday Night July  4th. Watched a lot of local fireworks.

Many looked for mkt to tank on the Greek outlook before the long holiday.

The Spx had plenty of chance to fail Thursday but put in a somewhat flat day.

Even Friday July 3^rd the Ftse and Dax didn’t fall apart.

I don’t think the market will have a negative reaction to Greece again, no matter how it goes this weekend.

The Spx market looks bullish to me but if we can’t take out Spx 2098.63 by the 7^th or 8^th of July then we may have to re-evaluate. These are not the dates I have a strong hit on but lets see what happens by then.

So far everything I have is on a buy.

Jerry         timingshortterm yahoo groups   not for training

End of Month rally coming.

Monday Close

Adx –DI at level seen only near 10-15-14,5-18-12,8-8-11 major lows.

First blow out day I have had in 71 TD.

EDT possible calling for low tomorrow.

My parabolic indicator calls for low tomorrow.

So I had the 29^th-30^th picked for a low. EOM window dressing coming.

Depending how low Tuesday is will tell the story. The –DI could go higher (bearish) and the MFI (money flow has room to go down,bearish)

No new low up we go, if a new low it will be tested in days if market is as weak as it appears.

My call- Of course we will open strong Tuesday but will it hold? I think not with more of a chance to buy Tuesday.

This may not be about Greece, but China and Porto Rica. 

Jerry

Worst days of Month

Update for Monday

I have a minor low, for 6-29,6-30 . Probably Spx 2078.44 the 150dma .

  Short and sweet as Verizon say's I have run out of internet time sic



Update
Sell off came with out Greek deal . Today Friday @ 12noon with mkt up I believe the low of this series will be Tuesday the 30th in the AM.
Jerry


The worst days of the month 19th to the 27th.  Bear wize 

A big sell off is due and I bet it will come when Greece accepts the deal!

Jerry

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.