A wave v or low was made on Friday at 6470
then wave 1 & 2 formed at closing of Monday March 9th
thats why wave 3 erupted as it did in typical wave 3 fashion
and it would appear that wave reached a peak as minor wave "A" at 7015 dow, spx 732
at 10am yesterday morning
What followed does look like wave 'a' and maybe even wv 'b' at the close
propensity index drops today from the late high yesterday from 3012 down to 3001
the Bar cycle hit a low yesterday at 2:30 dow off 80
which means today should also hit a low at 2:30 @ 258 bars
this would count as wv 'c' -"B"
then get ready for wave 'c' - "C" to a high on Friday, spx to 740 area
Futures were much lower early at about 5am, rebounded some, but are now at 9;15 trailing off again
How low is low? Spx 700 to 690 would be a fibo relationship to look for with dow about 6800-6750
More Later
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
4 comments:
Jay -- wanted to let you know that you do an awesoe job. I have learned a lot for watching and listening to you.
Thanks Dean
more later
Jay
Jay,
You mean after reaching 700, it may pull back to 690-700 area (retesting previous lows) before moving higher?
On another note, you see any chance of breaking March 6 lows in early April?
Sorry, I meant 740, i.e., after reaching 740 tomorrow (Friday), it may pull back to 690-700 around 18th.
Typo.
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