The rebound will continue, but monday should offer about 200 dow pts OFF
From there, however, the rest of the week should trend higher to an SPX high of 1292 - 1320
Why those #s
240 pts was the loss
240 X 38.2 = 92 which is 1200 + 92
You can do the math for 50% retrace.
I was under the impression the market would drop into the Eclipse on Aug 1st, but that doesnt seem to be what we will witness.
What about oil? After Monday, it should continue to drop down to hopefully the $100 level or less.
Can you imagine were hoping for $100, amazing, last year we were UNhappy with $65 oil,,, Ggeeesh.
Jayiwz index this week;
mon = .23
Tues = .20
Wed = .41 ahah - see the rally firm up
Thurs = .25
Fri = .22
The BEAR pressure is still in effect, but might be weakening
best for now
Jay
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