6 month chart looks like its rolling overMACD
OBV
Ult Osc
10day looks similar
SPX hit 949.77 at open,
Dow hit 8834.93
and YES I added more shorts
its does look like 11;34 will offer a low this AM
activity index hit 233 earlier today and has slipped to 133 at 10am
more later
Jay
10 comments:
Thankyou Jay.
Kathy
Kathy
If your perspective is ONLY ONE DAY, then your really need to expand your thinking
Yes, we both should have held our calls into today's open, that would have been a perfect outcome, but we are not perfect traders.
Im now buying July put options, and will add more if we recover from the am retreat
Im basically setting up a position trade to cover on the 17th at the close
ERik Hadik has projected JUNE18-19 for a LOW and he has projected dow 7890 as the price level
HIs outlook agrees with my ASTRO events for next week, and he does NOT USES astro at all.
YES -- you read that right dow 7900
It cant happen , you say --
hmmm - maybe you work for CNBC
____________________
more later
Jay
GOLD NOW IN RETREAT
hit 963 and now at 10:30 is diving at 951
more to come
the latest wave structure from the high of 990 looks like wave 1 down to 944, then wave 2 might have completed at 963 today.
Watch the SPX
now -.42 cts
but he dow is up 15.00
As I have mentioned several times, the SPX LEADS the dow
and thus the DOW should be off 3.36
in effect the spx is saying there is an 18.00 variance
NO its NOT cisco or travelers
there is still potential to run it up again after 11;34am
126bars @ 10:30am seem to have hit
a few minutes early
next is
150bars @ 12;30
180bars @ 3pm
hourly hit at open
next is
11am
1pm
3pm
Jay
OK,
I sold the PUTs I bot this AM, and the ones from yesterday
WILL buy more at close and or open tomrrow
GOLD - ITS ALL OVER
under 900 is next
Will put up chart
Jay
JAY, Thank you! Just to recap:
Still looking at Jun17 as LOW
Still looking at Jun18 as Buying LONG for rally into EOM
So this wk is where we need to look at best place to SHORT going into 17June.
Keep up good work!
Pete
Nice call jay. your 11:30 am call for the low was accurate. I assume today is the day to begin buying shorts.
sam
Jay good analysis. So whats your revised prognostic for Wed afternoon, Thursday and Fri ei June 10 11 12
What I read is that your pointers are for a low week from 15 to 19 June?
I guess today and 11 12th june will be very critical to view the coming week?
I continue to be long for some time and waiting for right time to close my positions.
pk
I have a feeling this day may just keep going lower.
billy
I see big negative divergences in daily, 60min all over the place.
billy
180 bars today is at 3pm
3pm is also an hourly turn
IF making a LOW at that time +or- 15 min either way, we could see a stronger close leading to an UP OPEN on Thsday at 9:30am as there is a soft lunar aspect which could help lift stocks one more time. lower high? probably.
power index shows that as possible
and REPEAT performance for
Friday AM-open higher and recede all day
Each rally could make lower highs
and each decline could make lower lows thus setting up the swoon starting Monday, or possibly even Friday afternoon
Jay
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