ST target 2111 SPX

OK we never got the gap down and still are marching for 2111 SPX .
Still over bought so nothing has changed. We could plunge at any time or rally due to the overbought condition.





After running my data:
We had an outside day considered bearish by me 70% of the time.
Wave 5 of v Advanced get.
Double top.
Super over bought.
4.94% model very overbought
My moon count looks favorable.
I think 2011 is still coming but we need a rest.
We will need a strong gap down Monday to set this up
 Jerry O   click chart to enlarge

Are U ready for 2211 Spx M term

I have and remain bullish.
Using Advance Get and Friday rally we have switched from an ABC to wave 5 that should extend.
I don't know how A Get came up with 2211 in it's formula but here is mine.
Wave 2 =1891  Wave 3 =2111 or 220 Spx points
Wave 4 = 1991 + 220 = 2211
I have strong support at 2185 all on chart, I will post.
Good trading Jerry O

spx 2090

People who know me know I like 3 and 100

Advanced Get changed from a Wave 3 to a bullish wave C.

I should have said It yesterday it could change.

I look for 2090 either Ju 30^th or July first.

"Nay Sayers" look at 2-11-16 a C wave.

We went from 1810 to 1930 in 3 td or 100+ pts

Gann angles loves it. 

 click to enlarge

Rally time

I have been pounding the table all day saying the market (SPX) is down but so is the  VIX.
NO one responded as if SO WHAT ?
Here is a chart to what I speak.
The green lines = SPX  and the red-black = VIX. When the VIX peaks like today but the SPX didn't turn up I expect a GAP higher in the SPX  and a meaning full rally.

click chart to enlarge.

I see no bears.

Simple trend lines show more than you think.

My dates have been +/- 1 TD  not bad.

Remember the 7th or 17th

Here we are one day before the 7th my first target  date and we hit the 5th wave. I think there is a little more upside because the moon is in a favorable phase. Unless we have a crazy gap higher that is clearly unsustainable I think we could slowly go higher.
If we remain calm I would look at 17th. Even if we drop a little there should be a 5 TD retest of high.

 click chart to enlarge

Working Bollinger Bands

Most people will buy or sell when the BB is pierced by a stock or index.
Usually this works very well but if you use a 3 zig zag it clears the picture.
I have annotated a chart to show a few examples on the current SPX
Jerry  June 5th 2016

click chart to enlarge

We are 5.80 away from a wave 5

A close above 5.80 Spx ((2111.06 ) will offer a Wave 5. That could offer a bigger breakout higher.

Ahead for the week

Auto Gann lines are working again.

Scenarios for Wednesday   Fill the gap

                                            Fill the gap but close above 50DMA

                                     or    Range   the gann lines 2059 -2071

I expect a higher high Friday  27th. And into Mid June,later, but not in stone!

Jerry O

Turn date the 18th

Update May 18th  "The 18th has called the bottom. I think we rally now into mid June +
On the chart the gann lines offer little down side 2033.30 for Thursday, 2045.60 and 2058.67 an we should close above that by Friday.
If I'am wrong then you need to raise my pay. Jerry
Never take trading serious from the Net my disclaimer 

Ok I have been away. My plunge date was the 21st but was to my surprise a high. Since all the other fib dates were lows who would

think a switch was coming. I was to my regret out of site and out of mind at the time.     My next turn date based on other works calls for the 18th.

Gann lines should give us the trend with magic number 2058.17 Spx

for Monday  May 16th. This week should be a big money maker!

Here are some links I hope are live:http://stockcharts.com/h-sc/ui?s=%24NYADU&p=D&yr=0&mn=6&dy=2&id=p73348678572&a=448638968

Showing just how overbought we are.

http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=0&mn=6&dy=2&id=p92911779640&a=446729007