The Great CIT Candle Hunt

Click chart to enlarge    Jerry
Updated Feb 18th 2019   @jerryo1314

Is there a CIT candle?

I think there maybe and on my spread sheet I have it marked as “sell the next day”.

I now need to drill down and find out how I can spot one live.

I offer 3 dates to look at:

8-30-18, 10-2-18,11-8-18

Of these 3 dates I have found no pattern  C.D. or T.D. nor is it a delta color days pattern. This I know!

It is a 20 or less point range day.

Can’t be more than +/-  3 point from mid range H+L/2

No more than .097% from mid range to close.

Two days had 1 pt difference between open and close not sure if important.

There is a connection to the moon I believe needs more work.

I will think about this more and I am open to suggestions.

Jerry Nov.9^th 2018

@jerryo1314

Great candles book: search the internet for "candlestick_patterns_trading_guide"  by
Think Markets.

NR 7 
http://thepatternsite.com/nr7.html

I'm thinking it's more of a spinning TOP black or white but this what his site offers and 
StockCharts.com offers other examples.

Updated Moon Chart

My view

The moon should create a CIT here for maybe 2 weeks.

OB OS Indicators

Consider this Diamond pattern

I built a chart that I saw on Bloomberg with target.
I don't know if we will  go this low but wave 5 down is still unwinding.

SPX

Consider this!   SPX

First we have a new moon on Friday.

We have option expiry usually up. Failed ones plunge big.

We have 4 red days a new  pattern?

We have a yellow or -1 day, yellow color  not working?

Break down yellow means we will rally Monday at least if not a big intraday turn up Friday.

I have no crossover so remain on sell but big move up will change that.

No matter what Monday is up from past data little/big ? One day wonder or more?

Jerry

Still think more downside. Double bottom plus.
Friday was a head fake I believe.

update

Test of low ahead+ EW

Sat Feb 17^{th 2018}

                                     ^Scenario’s based on the past.

Looking for big drop of 307 +/- SPX points. Next week a holiday week is big compression. Drop should take 8TD till March 1st-2^nd.

We could just see a double bottom.

What would make this scenario wrong?  If we close above SPX 2763.39

What do I see?

ROC,RSI,CCI,A/C,MACD weakess after 5 fibs of advance.

OBV & MFI too strong

We hit the 200 dma now back to 25 dma or 80% dma up rally.

Looking at the wave chart we see us at circle of danger .618

We see wave (2) 2839 – wave (3)  2532 or 307 pts.

If wave  2&3 =307pts then wave (4) to (5)- 307 pts roughly.

We could be at SPX 2454/2426 some time in the next 8 TD

If we take 8TD to hit a double bottom that will be it.

We then rally sharply to new highs, or a slow rally probably offers a failure to newer lows.

Jerry O

Feb 2018

Blue line was the ST-top. Today is Thursday 15th close and we are at 50 dma.