Dow and ndx performed in 2 different worlds today
however, they both hit low spots at all the right places
11;00am
2pm was a 13 day or 84.5 hr cycle low
3pm was the 204 bar cycle
Tomorrow looks like it could start out on a low @ 228bars @10:30am, but a rebound is possible
I will be looking to buy calls for a one day play.
Jaywiz index = .31 still bearish
OEX pc ratio = .56 and thats extremely bearish
If they do get a rally going tomorrow, I dont think it will last more than one day.
the NDX hit major suppport right at 1950 and the SPX hit a murrey math point at 1351.
Still got the 60/90 day cycle convergence on the 11th. PLUS a 52 hr cycle @ 3pm.
With Venus 90 uranus @ 3am on the 12th , any effect should be seen on the 11th.
Puts bot last week were very profitable and could have been even more so, but I'll take a 29% gain anytime. Played the 2pm low and got out at the right time.
best wishes
Jay
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