Target 1979/1991

Based on wave 4 or pivots on pitchfork.
MFI in deep OS and other indicators turning up.

LOW is in

Charts based on key pivots and very oversold MFI not shown.

 Jan 8th 3:15 pm

I said yesterday we would at least hit 1938.83 Spx

Since 1932.92 has been hit  no double bottom.

My parabolic says we either hit a low at close or the low is Monday.

ZIG ZAG e new chart Tuesday final

 OK lets look at it this way. NO MA clustering, currently,
50 DMA @2049 should hold/ must hold.
MFI divergence area, room for it to come down a little with Mkt.

Tuesday, Dec 8th at 1:40 PM
I think wave E is still needed or ZIG-ZaG E
Most indicators are oversold.

Failure and Fibs

The fibs are doing a good job of finding lows.
Dec 15 ish could be that low.

diveragences were bullish but

Hello at 3PM Monday we are up some 78%  since the last low. If you were an "AI" you wou;d take profits right here.

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=2&id=p64544581536&a=414238839

Today important day? 28th

I have today as a fib hit of 89 TD. +/-1  IF we take out 1867.00 then the wave 5 is in, doesn't have to be the low.
Could reset the cycles. 144 TD takes us into Dec 15th ish. I think we at least have a little bounce here.

 

5th wave down ,starting

17.xx Spx in our future.

It just would'nt take that much to put us at 1789.Spx
The wave 5 could stop earlier, we do and AB then crash C
Thinking Sept 14th or 15th  low.

Wave 4 rally should be over.

UPDATE Sunday nite.

I have no call other than wave 4 is unfolding and we head down to wave 5 lows

Jerry

The math on my spread says we had an EDT down close as pictured on a 5m

 

Here we see the wave 4 rally that should be over. Read the chart for direction and limits,right click will enlarge it!  Jerry

Rally time

Update
3:35PM ET I think rally is a one day event just like the DAX.
 **********************************************
I posted this at 4:20pm in email
Notice we closed at a double bottom so tried to buy an oex call since they trade till 4:15PM ET
price was 10.40 I put in for 10.50 and they keep going to $12.40
I don't have to look to know that futures are up.
I expect a rally tomorrow.

Late night check I see them up big time.
R1 is 1921
R2 is 1976.20   and I think it will be tested shortly.

Jerry