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

 

Lower Next Week.

Hi All,

Today Thursday I said @ 11:30 am ET that 2110 needs to fall but it held hard for a while.

Now that 2110 SPX has fallen I believe it is strong resistance.

Friday is a wild card and I have no call!

I have a low next week and a retest of that low the week after Aug 3^rdISH  to get long for a sharp rally to 13-14^th or 20-21 expiry more on this in a week.

How low could we go? Of course it will have to be find tuned but 2075/2083 SPX looks do-able if this is a wave 4 correction. Lower than 2075 and this is no Wave 4.

I look for a momentum number of 4150- currently we are at 4221.

This is what Advance Get looks like.with 618 @ 2075 Spx

Jerry
 

Sells every where.

Tuesday 21st – Wednesday-22nd critical

Tuesday 21^st – Wednesday-22^nd  critical 

Tuesday we have Apple and Verizon earnings to mention a few power houses.

Monday closed at the most Overbought level since Dec 30^th when we dropped 100 spx points in 6 TD.

Or back in Oct 27^th where we went up 150 Spx points in 30 TD.

SO Overbought doesn’t mean we will drop!!!!!!!!!!

My best guess is we will drop by Thursday this week at the latest.

Jerry

Exuberance

Exuberance

Thursday close 16^th, very close to new highs as suggested. The OEX did hit a new ATH today. That makes me think we are getting O.B. rarely does the OEX lead the SPX.

More highs Friday is a good place to nibble short, but early next week maybe better.

Murphy Math people say a frame has shifted, I think a phase has also shifted in the counts. Lows ran later and highs look to be running later.

With that in mind I will place the next low on Aug  5^th -2 TD.

Jerry 

More highs coming up date 15th close

PIM by Jerry to Group, names will be hidden ,but my thoughts are real.





Thank you xxxx and xx.

Looks like I was a little early and should have held for the 15^th that I had posted on my blog. Of course profit is profit.

So here we are the 15-16^th time frame and a xx day to boot.

My problem is xx said today could be a High or low and of course it maybe both.

I just don’t see us OB here so we may or SHOULD have a Higher high.

I don’t think we are there yet. I,  right at 5:50PM ET think we go higher probably into next week. When I say higher I mean sharply higher to ATH.

Look at INTC after market, so tech’s are hot.

xxxxx sent out some dates I want to study..

Good trading.

Jerry

Flat for now IRAN next.

Sold my calls today Monday rally. IRAN maybe the news Tuesday.
Iran aside I look for a little more rally Tuesday before we pull back to say 2080-88. The math says Monday is a EDT -D and the chart does offer  some what of ending digital triangle look.
Charts offer more upside and the high could be the 16th new moon.
I have been using the 15th-16th as a best guess for last gasp high.
Working on where next low could be, next purchase will be puts.