May 22nd

So what can we glean for tomrrow ?
good question

Power index shows a possible LATE pick up, but we really shouldnt see that after today's later recovery-
Market does prefer to ALTERNATE as Elliotters very well know.

Propens index is not quite complete for tomorrow yet so the outcome is still in question there, but it does show a STEEP decline at open
& Polarity is now negative

I will UPDATE in the AM so we will have time to know what to do;

Jaywiz index = 25 TODAY and yesterday was a 31 - both NOT extremly so , but bearish anyway.

Todays ARMS index was only 1.28
there were NO SELL signals, and so far no buy signals from the
internals generated from the daily arms index

PC ratios are not screaming much today= neutral

May 20th was an 8 day HIGH and so it was
making May21st the 9 day TURN DOWN, and so it was
May22nd is 144 tr days from OCT 27th / 4 = 36 or / 8 = 18
making it the 8day LOW point , and that means on close

as written yesterday we have some prelim data indicating a low close, but
will have better data feeds in the am
see yuh then
Jay