As mentioned b4, the 18th is a cycle LOW & High and the day could start out as a low & rebound strongly;
The thing to have done today was wait till after the open which is what I did, and shorted at the 11am rebound high dow - 170 from a Low of - 335.
Tomorrow is showing me a lower low as the end of day today closed lower than the 228 bar cycle @ 3:30
the next bar cycle of importance is at 11:45am and then at 2;15pm
Wait - Wait, DID you write 2;15pm?? thats the FED minute !!
Yes it is, and If the Fed reduces the bank window rate, but not the consumer discount rates, then we might get a short bounce into the close.
Its reported that Hadik posted 10,587 between the 8th and 19th.
Murrey math support levels are about to be smashed on the SPX at 1187.50, then lower to 1125 and the bottom of the box is at 1062. BUT ,IMO<>
Jay
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