Monday 23nd and maybe all week

My cycles are still bearish but need to see what happens Monday. Gann circle has the April 23 2010 on alert and pin points Monday.23nd! I think it a high. We also have the vix dn+spx dn = Monday UP. Day after OE we usually reverse.

How high? I think 1085/1088 SPX should offer resistance we break above that I will be back, else I look for a test of 1040-1010 soon. Of course I'm not over sold so it may want to finish down first but guessing Monday up or round trip.

Will add my EW wave thoughts as only Advanced Get can see then and my alternate count..

Getting real bearish for next week

Friday 20th OE Oex in p.m. Saturday settlement.
Trend Model
ST (days) down
Med T (weeks ) down
LT 30 cd up.
I have a jpg of what I think is a bearish 9TD fractal! Is it really a fractal I don't know. I do know this is the second time in 9 TD we are attaching the 50dma on the vix. Once we cross above it, if we do, hang on to your socks or that sucking sound will take them.

Next week I expect an assault on spx 1040 to 1010 .
This chart below is my gann 15 degree model normally 30 is used but I have had some great moves on 15 tomorrow a big move should happen.
I see a gap down am with rally into close +/-20m.
That rally should be sold. disclaimer- fun and games.

19th down ?

Looking for either a 9:40 pop high or a 10:30 high, lower rest of day. S3L preferred
We also has up vix+up spx + down day 80% of the time.

waiting 2 Aug 18th

The inversion window from 1-2pm did offer the H.O.D @ 1:34pm yesterday.

My model didn't offer anything due to Tuesday action.
It is still on a SELL signal. 3 models....
S2 10:30 is key time a hi look for a reversal rest of day, or a 10:30 low look for a rally.
I will use 1102 spx as a breakeven point and then stand aside till a better entry.

Jerry

Use with your own work.

Waiting for next signal

S1L ? or SU (stuckup)
We are in a inversion window 1-2pm.
I have a breakeven sell at 1102 spx if 1122+1082 was held.
We didn't get the 1066L so no credit there.
Max pain has us at 1080-1100 spx but can we go much higher.?
This is a short covering rally so to fast for my trend model .
My model will offer something after today's close.

Down till proven other wize.

The target remains 1066/or 1064. Let market tell us. I can't get all beared up because the vix
didn't close above the 50dma but close. If we are going to bottom here in a Wave (4) that would cause a great buying panic. Keep the Dax in your sites for strength or weakness.
What could make me more bearish/bullish is lower than 1056 spx or gap above 1111.
Short term-days down.
Medterm - weeks down
Lt -30td- up

CIT in the works.

If we can't close above 1082 my mechanical spreadsheet will offer a CIT to DOWN. So a close at 1082 +3 or 5 point would not be very convincing.
The V day I expected so far is not happening.

Thursday-Friday

No chance of the low today( Thursday) since Wednesday was to big a drop. Look for the low Friday and it depends on how close we get to 1075/1066 on Thursday.
One worry is we are close to crossing the 50dma on the Vix make your own assessment on this chart. Also watch the Dax to see if 6100 falls easy.(no chart)

Fed day

SPX up+vix up =down day maybe 80% of the time.
Buy/sell pivot at spx 1122 aggressive and wippy.

The Bull remains

Even thought we closed on a B/S pivot I remain bullish. First we had vix dn +spx dn = up Monday or next day usually. I like the vix bearish attitude of late. We had a low on the 5th day of month that usually means we rally into OE week. (Sample below, a good high or low in first few days usually inverts) Nor a'm I over-bought. But on the other hand a take out of 1107 and for sure 1100 Spx would change things fast. You can't sleep at the switch with this light volume. Net net the week is UP.