Wed Aug 6th

Wed Aug 6th is a midnite HIGH TIDE DAY, which means the day should close on its highs

Its also a MAJOR convergence day with Multpile fibo and other cycle convergences

However, the Afternoon at 2:50pm has some heavy duty astro that can back stab anyone's rally.

Some of the data i have indicates a possible LOWER open, rally till about 1pm, then a sell off into that 2:40-3pm time zone and a huge rebound in the last hour.

We are at spx1284 NOW for the 4th time in a month since the July15th LOWS. 1291.17 was the HOD previously THUS any break above that with volume could get the SPX to 1320; Gee, I did mention that number last week.

SO, If I dont go long, then Ive got to hold out and buy puts on the close or wait for the open on Thursday.
Today i sold out early, but Im satisfied with the results.

I might have to sit this one out. Now, you know that wont be easy. (G)
Jay