Weve mentioned the math b4 and here it is again
SPX 1440 -1200= 240 X 50% = 120
spx 1200 + 120 = 1320
its also 3 divisions of 40 pts
Same with Dow
14000 - 11,000 = 3000
50% retracement = 12,000
Will we get there on Tuesday?
If Monday drops UNDER well under 1280, then any rally on Tuesday might not make it, but the reading I have is quite positive.
1320-40 = 1280, and yes its that simple
Ive added a 5 day ave to the Jaywiz index, and it is at historical highs measured against the past
FEb 26 = 47.5
Apr 1st = 38.9
May19 = 35.6
Now = 48.7
After Feb 26th, the dow fell 1000 pts into May10th. - just 8 days
Eclipse such as this wkend can go either way but usually accentuates the most current trend
and the solar eclipse on the 1st was within a decline trend.
Best for now
Jay
1 comment:
Now what?
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