Having reached an intraday high of 1388 yesterday its very possible that might have been the 8day high AND turn all in one day.
today's open is marked by the 180 bar cycle which almost is an auto prediction for a downside hit as indicated by the futures.
To repeat again
If they recover and fail, that is the 8day cycle TURN, unless it happened yesterday at 1388 spx.
IF there is no recovery today, then the next 8 day cycle high on May5th could also be the turn, instead of the 8th.
Monday's jaywiz index = .82 - considered very bullish???
Tuesday = .16 very bearish
maybe they wash out to neutral?
yesterdays Jaywiz index was a .38- consider it neutral
Best Wishes
Jay
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