How important is SPX 1820

If 1820 goes there are only a few support area's before Spx 15xx

Too EARLY TO CALL. :(

More down

Take a few days off and boom.

Last post I said rally would end shortly and looked for a low on  28^th to 4^th.

We are in a wave 3 crash so it could be over before the 28^th.

We should have new resistance at Spx 2070  and support at 1900.

I know many think that 1820 will fall here but I don’t

Using the Gann angles it offers Spx 1900

Question: Are cycles stronger than technical’s? UPDATE

Update Monday close
Cycles won!  We did 50 Spx points in 3/4 TD ( trade days)
Is there more to go perhaps but I'm in vacation mode. Rally  will be over shortly. I won't put money down while I'am away.Here is a picture of my Static cycles as a guide and my Gann Wheel inspired
offset floating cycles. Happy trading Jerry NextLows (8-28,9-4)

Question: Are cycles stronger than technical’s? Sunday @4pm

Well I’am about to find out.

The cycle  low came last week as expected,but not the way I like it.  Mostly it was too fast and unplayable in my mind, because I count on a retest. I also count on technical's being over sold.The MFI was close but others were mostly neutral.

I had the rally starting on the 14^th but was hedging  because of the technical's.

If the cycles lead then next week will be up. If the technicals lead and Friday hit a double top and a resistance zone then we will retest Tuesday and scream higher.

I hate to read reports if it doesn’t go up it will go down, but that is where I’m at.

Learning the cycle strength.

Jerry

Can you live for a month without the ATM?

REtest Thursday

update after close:

Market did nothing I expected today will remain flat. A mixed market has little details.

It can be bad for your financial health.

Keep my powder dry


First and intraday chart showing a firm buy at 12;20 of course I was at the DR.   :(

OK Thursday! If I'm right it will be a high am low pm day.
We should test the low of  SPX 2052 +/- 10 points.
Here is a chart with us in a wave  3 drop  and next will be the rally to 2101-2113 to keep this count and no overlap.
I have been calling for this basing and rally for days. Today finally
my parabolic indicator and several  counts said the low will be  tomorrow. Upside target will be .618.----.78 Jerry

LOW finally close.

Email Monday close:

L"oo"ks like a short squeeze and momentum run today.I think we reverse most of it.

One thing that makes me suspect is that the indicators fast or slow didn't do that much..

Lets see.

Jerry

Tuesday night:   close

Tuesday did reverse and the indicators did move down.

I would like to see Spx 2044 to 2067 Wednesday to get this low over with. Depending on what happens Wed, low is either Wed-Thursday.

The system I use now has floating cycles, not static cycles. Some one once said to me I did a “what if” and found it worked on Elliot Wave.  I tried it on cycles and it seems to work. The bases is, that I know where the next high should be but you have to have a high, on in this case a low to complete the cycle before the next one starts.

Thus thinking the 14^th would be a high, is now floating to 17^th to 19^th at least.

Question? What if the ATM’s were shut down, would you have enough cash.

You should have at least 3 months of cash hidden.

Lower maybe lost

Looking at Europe and the US futures tonight I see strength.
Is it because Abby Joesph Cohen was on an looks for Spx  2150 in months,or Birinyi Assoc.  looking for Spx 3100 by 2017.
I read where the market is O.S.but AAII bulls +3.2 and bears drop -9.0.
I had felt Spx 2044 was coming this drop, and still possible since indicators  turned down Friday.
Last several lows have come at 3 TD momentum of 416x and we are at 4177 but even with low cash in the funds we get these silly rallies.
I have just about run out of cycle time for a low.
By Wednesday a rally is coming.

Low unfolding but could be next week

Here we have the Stockcharts !STVOSPX INDICATOR. It gave a sell yesterday when it crossed the MA. on the 5th. On the other hand my excel parabolic indicator calls for a low tomorrow the 7th.
Since the PI calls for a low tomorrow but I usually get a second PI signal I will go with the !S indicator.
If we don't get a lower low tomorrow then the low will move to early next week .
Jerry

Big drop this week!

Lets put up a chart of AAPL vs $SPX in red.
If AAPL is a leader and down yesterday $3.80  or 15% since its high then the stocks are going to stop pissing in the wind and drop. We had 2/1 declines,13NH/16/NL

 

Low week?

I have had this week as a low for a week. Now is the time. Monday we need to break 2097 very fast that should turn the indicators down.
Friday drop just put them in holding pattern.
Will add a few charts one will be weekly of the SPX and how close it is to dropping out of the channel.
The second shows what is a rounding top.

Monday key to how low we will go!

Just to show if 2039 to 2044 broke, we will be at 1980 very fast.

Hi,
I'm worried about Monday 27th. Friday’s drop was so big it moved my parabolic sheet ahead 1+ TD. Thursday as I posted I was looking for low retest on the 3rd 5th but now think 31st will re-test the low ( that is where we get long)
Monday now calls for a low/reverse. A check mark day or a V day.

Monday is a blue day Key times are 10:30 +/- 20m and 3:30. My guess is it will be a low am to high pm day.
The parabolic sheet is rarely wrong on low calls.
Problem all indicator are only 1/2 way into down stretch.
IE: We could double bottom Monday or plunge big time. Since my indicators are ½ way to a-low we need a big drop. If not any rally will be short lived
Jerry