Its 8am and OUR futures are in dramatic opposition to Europe
My propensity index DID take a TURN lower overnight
the POWER index had been indicating a DROP today as of last Friday
Natural energy also indicates a drop this week
Today We see a lower day, somewhat up mid day of course,
and a lower close which should lead to a lower open on the 14th and repeat
the process one more time to meet a 156 bar low on the 15th at open
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Even tho the Bradley - 8 day low & trade day cycles hit on the 16th,
I see the actual low on the 15th at open , but that could adjust as the wave develops
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more later
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
7 comments:
If IWM breaks $45.60ish I think it'll be off to the races for TZA. Etfs are great for very short term trading imo
It almost seems like xlf is flagging/consolidating for a large move tomorrow. GS earnings release is tomorrow premarket.
Jay, is it possible that we may set a new high near 875 tomorrow? 875ish could be the final impulse move up b4 we have a decent pullback. The charts seem perfectly set up for that. Ever since Pandit from Citigroup announced they were profitable March 10th, the financials have been on a tear. WFC's bs report last Friday pushed us out of the triangle and now GS tomorrow may launch us higher to finish the move off. What do u think Jay?
I never like a short position with the SPX is outperforming the DIA.
Shorts - be careful out there.
Now I'm short now with a stop ofcourse.
alvin
875 spx - Maybe next week but NOT THIS
week
Jay
Im expecting to get ready to BUY the PIVOT low on the 16th at 2pm
A dow rally to near 9000 would be equal to near spx 100 pts to 930 level, thus surpassing 870
900pts lost x 29.2% = 263 pts + 667 = 930
Could make it by April 22nd
BUT it wont be easy
Once we get a rally on the 17th, I would be inclined to take the profits at close and wait out the 20th, and buy again
Jay
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