cycles are on schedule
9:45 open high
11am hourly cycle =a dip @ 120 bars
11;30 high
11;55- 12;05= 13 day cycle low
1pm hourly high
1;30 minor ip @ 150bars
2pm AStro high JUST GOT HIT FOR HOD at 1:50pm
ITS NOW 1:50 as I write this
next cycle is 3pm Hourly
nothing after that
maybe 3;32 , IF 3pm hits another lower high
NOTE, 3;32 did rebound but only about 2 spx pts
power index with gap lower open on 17th
17th- Astro says $$ CRUNCH & Crisis brewing
18th - astro reads - sobering dissapointment
19th says hold off & re evaluate - stagnation , but look for bargains
Astro readings for 19th are indicating a FLAT day, but the POWER index says the low is the 18th
The KEY to unraveling that discrepancy will be the 18th -
IF FLAT to Up, then the 19th will most likely be lower as shown by Charts Edge
___________________________________________
5 UP -we just finished on march 16th at 1;45 pm
3 DOWN -should finish on Mar23rd
5 more UP to March 30th - SUN 0 Merc at 10:30am
Then the NEXT LEG LOWER to April 8th
NOTE
the FULL MOON IS April 9th
JUST LIKE the MARCH 9th LOW occurred on the DAY bEFORE THE FULL MOON + the astro after is quite positive.
ALSo
the SELL OFF NOW to the 18th and or 19th can be at least 80 spx points from the high
775- 80= 695 = the B wave low
IF NOT ON March 18th, then next best bet is 19th, THEN the 23rd.
C wave high on March 30 can make it to 800
667 + 120= 787 + 16 = 803 MAXIMUM
MORE LATER
Jay
3 comments:
Still looking for lower low on April 9 or thereabout?
Hi Jay:
The entire move from 666.79 low can be counted as a an a,b,c of 5-3-5; with a very shallow b on March 11 from 731.92 to 713.85. this a, b, c is likely the entire wave 4 of (5), in which case we started wave 5 of (5) at 1:45 PM today and should take us below 666.79. If this be so, we got 4=51.6% of 3.
Your count that this was the first 5 waves up, with 3 waves down now on will imply that (5) of 5 was done at 666.79. Let us see how this pans out.
Thanks to your cycle work, I initiated short around 11:30 and added to it when 4 reached around 50% of 3.
Ravi
OK Ravi
there is also the potential
for an ascending triangle
ending on march 30th at the SUn 0 Merc, THEn April 8th for NEW LOW at 635, your chart.
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