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

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?