As you can see, no sell off has occurred today and its now 11am
Today March 12th is a BRADLEY date, we can only look at it as a high
The 15th , SUNDAY is the next Bradely date and should offer a strong TURN lower.
The NEXT main Bradley date is April 8th which should be a low
the LOWER open TODAY @ the typical time of 9:45 might have been the LOd
11am IS a typical HOURLY HIGH
A SELL SIGNAL is building in the internals
5 day arms = 75.3 = a sell under 100.0
5 day trin = 379 = a sell under 400
Adv/decl proprietary ratio = 329.9
vol ratio = 619.8
All of those #s are on a sell, but Im sure in the next 2 days,
I will see more of the technical internals fall into place.
Today ALSO marks an 8 day which is now looking like it will be a high
that means tomrrow should mark the 8 day TURN
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Natural energy pattern shows tomrrow as a high
which ive been saying for a few days now
the NEXT BIG date of importance is Wed March 18th
nothing to do with the FED meeting, just coincidence
and it is leaning toward a LOW
SO, IF today marks the "A" wave HIGh, then March 18th should mark the "B" wave LOW
How LOW as we wrote b4?
If they close the dow at or near 7100, that would get the spx to 739/740
From there they could drop next week back to 6600 area & spx to 670
Since we did not sell off today, then I suspect the next, as indicated by Natural energy
rally from the 19th to the 25th will get above 740 level.
More Later
Jay
2 comments:
Hi Jay.. does this mean we go higher before tomorrow. How does your 230pm low bar look now .. gone?
Thanks
Bill
Occasionally but not frequently
the 258 bar cycle TURNS the mkt LOWEr instead of higher?
We'll see if that happens here
BUt we got 11am
1pm highs, next is 3pm and or 3;42pm
Next 4 days are retracement back to lows
60 yr chart coming up
Jay
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