Cant seem to get capitulation
Is it still coming? yes, but when?
Dow got to 13,425, and spx to 1483 , a FLAT on the rebound if thats the end of the rebound wave
matching the highs on spt 4th, SO FAR - - -
Buying on this rebound has been on lighter volume , reflecting only a rebound.
Selling has been limited, but buying has been muted
Take a look, if you have it at the Charts Edge graph of Spt 1 to oct 19th.
It did show a high on spt 4th, and a low on the 7th to 10th.
then a rebound to now the 13/14th.
More important, it reflects a potential top on FED day- Spt18th, then a 2 day thud on 19th & 20th.
There is a huge open gap on the solar chart showing a possible selling spree on the 19th, and the 20th. HOw low is LOW?? Could be that we will see 100 spx points in 2 days, but that only speculation on my part.
Best Wishes
Jay
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