The 90 bar cycle low appears right on schedule for the open
the power and prop indexes are both in agreement
What happens after the open?? good question
today we also have
126 bars at 12;30 & this matches Xtides chart for today -
sorry, I dont have permission to reproduce over here
150bars at 2:30pm
which means that 180 bars on Monday is at 10;30
BOTh the powr & prop indexes ALSO agree with potential LATE DAY intraday high
but its hard to tell when, best guess is between 3 & 3:45pm
Yesterday's high at 2:45pm was also difficult to read, but we have seen that
happen that way many many times.
FlashFusion did mentioned 898 on twitter as potential resistance -& was within 36cts.
His update has lots of numbers
SPX 901
SPX 891
SPX 867
Im Not sure how to fit them into trading today
Hmm
at 9am futures are moderating off earlier lows
BUT still off about 5 spx = dow 40
ACTIV index came off its high yesterday at 300 and has been holding at the 100 level all morning
Considering the variables, Im going to plan to sell my puts at noon to noon :30
on the 120 to 126 bar cycle low
THEN buy some back at about 3;30 IF the mkts has recovered at that time
If not then I will wait for Monday
It Still appears May20th could provide a low as previously written
More Later
Jay
No comments:
Post a Comment