Preliminary indications are for a down Monday
Jaywiz index = .34 mildly negative
It looks like the Jaywiz Index high numbers earlier this week had little effect as the SPX 1290 threashold resistence level might have been the top of a 90 point rebound
PC ratio = .83 and is negative
Vix = 22.91
Spdr ratio = 1.00
SPX 500 ratio = 1.25
OEX ratio = .35 and is extremely bearish, if I got the right data.
Consider the LOD was at 3:30 and the 30 b low cycle @ 2pm, then in my experience, the trend is still DOWN
The 60 b cycle is @ 10am and indicates a sharply lower open as we also watched that occur recently as i mentioned last week.
The Eclipse on 8/1 at 6am seems to be a natural magnet for a low as most new moons seem to be, but this one is enhanced by the solar eclipse.
Aug 4th to 6th has some heavy dute astro events which could settle the dispute over the bottoming process
best for now
Jay
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