Power index on May 4th did not show up as a high like we just saw
It did PREVIOUSLY ((and still does to some extent))
showed as a high on the 7th, holding on the 8th as I previously described
Now that we have what looks like the SPX 909 HIGh that I mentioned for May7th,
We NOW have it on May4th, THEN COMES the old question **ARE WE THERE YET?
Mao said yes, and we thank him for his input- first time we have seen his comments
Please join in whenever you wish.
PROPENSITY index is sometimes hard to get a FIX on it over a wkend for Monday trading.
But now we can re align our outlook as that index NOW seems back in alignment
and is declining from 3019 as of the CLOSE of May4th to 3000 on the open of May6th
Also re aligning a look at the power index
shows a high on the 4th @ 450 dropping to 350 on open of the 6th
THEN bounces to 375 during the 6th & closing back at 350
Now we come to the 7th again.
its a BRADLEY date and that usually offers a high or turn, and this one could be both
the power index JUMPS to 450 mid day, then falls back to 350 by the close
8th shows a substantial decline is possible as the index continues lower to 300
thats as far as that one goes for now
Futures are heading lower this AM, and according to the PROPENSITY index
the mkt should go into a steady decline today and open lower tomorrow
WE ARE NOW PAST Astro that had a Sun 120 Saturn early this AM as
mentioned b4 + an inverted midnite low tide.
Astro is now leaning toward negative lunar aspects today into 10:12 tomrrow AM
which matches the power & Prop index readings
Since the 7th still has some potential to runup During the day,
we might consider covering shorts on the 6th, and re entering on that runup on the 7th.
as mentioned b4, THIS Full moon seems to be reading restrictive and confrontational
Astro for Monday May11th - 13th appears to have a steady menu of hard aspects,
and thus could setup a tradable LOW with a midnite inverted HIGH tide
PS, thanks for your support during times of question
Stress test results due on Thursday