The expected .50 bp rate cut did not materialize, and thus the 2pm bar count @ 204 turned in a CHANGE rather then a low.
Also the Jupiter 0 Pluto that seems to have been the driving force for the dow advance last week ocurred at the same moment.
Today's open as indicated by the futures should explode up at least 100 dow points or more, BUT do beware, IT wont last long.
Energy patterns show an open rally should falter and drop to a Friday low.
It would NOW appear the trend is biased lower thru the 24th and then the yr end rally lasting to about Jan 10th.
Best Wishes
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
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