We are now past the June3rd to 6th Bradley turn zone looking at the next dates of June14 to 18 & 26.
June14 is a Sunday so we would expect a turn IMO lower on the 12th
Ending on the 17th, 18th open with a huge recovery by months end on the 26th
NOTE the 26th is shown on most Bradley charts as a low- dont believe that-
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Today we have
activity index at 9:15 FLAT at the 100 level = bearish
VHF @ 6 = ditto
flux @ 0 = bitto
dynamic at the lower end of its scale, but at 9:25 is slight off the lowest level
power index for today starts at 325, then 300, and ends at 350
propens index at 3000 drops to 2990
Bar cycles
228b @ 10:30
258B @ 1pm
either one could be off by 15 min in either direction
hourly
9:45 first open target for a low
11am
1pm 3pm
summary
Today, the SELLING PRESSURE seems to be ON till 12;30 to 1pm
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TOMRROW
power index jumps to the 500 level all day indicating a recovery from today's low
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Wed astro has some hard aspects up until 11:34 am
and the power index starts the day at 300, but closes at the 500 level
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Ths
has a 13day cycle event at 2pm
258bars at 3pm
venus 90 moon at 3:45 pm
power index hangs at the 400 level
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Friday is called as uneventful and dull
pwer index also at the 400 level
Its now 9:55am and the dow is off 96pts
As mentioned on Friday, when the mkt turns lower on a Friday
it usually continues into Monday
more later
Jay
22 comments:
OK KAthy
Trading STRATEGIES
given the power index comapared with astro, etc
A low should occur on Monday at about noon to 1pm
a rally should start on monday Afternoon at least byt he close and hit a high on tues by mid day
possibly noon to 1pm
Tuesday can then sell off by mid day at 90 bars @ 2pm
Wed should then open lower and recover by the close
Armed with the above, we should be able to TRADE the moves in either direction
OR just wait your turn and catch the LOWS or vise versa
more later
Jay
GOLD off $10 today continuing the PLUNGE off the June2 & 3 intrday failed highs at 990
as I mentioned last week, a look at volume told the story- there want any support
the next important lunar dates for gold are
June15th Moon 90 sun - potential low
June26 moon 60 sun potential high
June 29th moon 90 sun = possible low
Jay
Jay
thanks Jay
am waiting for good short entry around friday.
sam
Sounds good to me! Buying the lows today for sure. Thanks Jay.
Kathy
Jay
Thank you for your wisdom and analytical and astro knowledge.
Good work really. I like clear reading as this one. Thank you for listening to others. Please never feel disheartened at some critics. Your intent is noble and your guidance is real.
Best regards
pk
Hi Jay, do you believe with the data you have that this Thurs/Fri will be a high that will be taken down via a MAJOR Down EMPHASIS June15 - 17. From there whats your thoughts on the PARABOLIC UPLEG off Jn17th LOW to the end of the mth. Will this move match the high of this week or surpass that high. Reason why I ask is you mentioned based on the data you had last week that Thurs june 11th @ open could be best bet for short position to take advantage of the "c' wave down to June17th
Then the HUGE "C" rally to End of month as previously projected
Jay,
Love the clear format on todays post.(trading strategies) Thank you!
I might go long at mid day today until wednesday or end of week depending on how it plays out.
pete
If I take a long position, it will most likely be at 3;30pm today
the next short might be good at tomrrow's close.
Joseph,
that parabolic leg after the 17th could take the spx to 1000
no guarantees; but others have indicated a possible high at that level
Jay
THANK YOU JAY!!
much appreciated
pete
I'm in. If it goes down some more then I will add to longs.
Kathy
Kathy,
Do you also follow FlashFusion? Its one of Jays friends.
if you do...he currently has a post saying "SPX bearish rev. now at 967.5"...
Does this simply mean he expects SPX to reverse down when it reaches 967.5???
Would be grateful if you could help me out on this...sounds simple but im just learning.
thanks
pete
Its NOW 1pm and the dow is rising off the 258bar low which hit at about 12;45, and I sold the puts that were bot on friday.
still holding a ton from before, and will need dow to 8300 to get even
however, in between, I can still make $$
the NEXt low spot for today should come at 3;30 on the next 30 bar cycle
this AM , the first low came in right on schedule at 10;30 dow - 124
next was 258 bars at 12;45 dow off 127
I HOPE YOU CAN SEE THE POWER of KNOWING the bar cycle lows
I had a history teacher in 9th grade, and on her blackboard was a large mural
it said
*********KNOWLEDGE IS POWER******
the 1pm hourly has now found the dow in recovery to - -96 as of 1:10pm
I would really like to see the dow at 8600 late today,
at 1pm with an hour delay the ACTIVITY index has taken a dive from 133 earlier to now at 66
2pm activity still holding at 66
Jay
pete
Ask Jay. I'm not sure what "flash" means by that. I'm learning too.
Kathy
IM guessing that Flash means spx 967 on the 10th??
his earlier posts are moment by moment, I think,
YOu can comment on his twitter to please be more specific for times & dates.
its 2:50pm, and they are still -90 dow
activity still @66
3:30 is 30 bar cycle and might setup a strong close
IF so, then tomrrow could be up quite strong at open and most of the day.
Sorry ,I really cant tell if they will sell off at the close yet, or wait for open on Wed am.
Jay
Its now 3;20, and it does look like 12;45 was the LOD at 258bars as it should be.
Im hoping to catch a few limited calls at 3;30pm
Jay
Almost missed it
VENUS 120 PLUTO
at 3;19pm right now
its an UPPER
See what happens after
3:30 to 3;45
Jay
Still want to buy calls for open runup
kathy
I hope by "IM IN", you bot same calls earlier today
I MISSED IT
waited too long
I will NOW concentrate on SHORTING tomrrow after the open
maybe some at 9:45 and add more at 11am - we'll see what the HYPE is at the open.
bars for tomrrow
60b at 11:30
90b@ 2pm might be lod
and the PWER index still shows a lower open for WED AM 120b@ 10am - then higher till last hour
Flash posted 967 = 27pts over friday's close = +200 dow points
Jay
Jay
great job Kathy. enjoy the ride.
sam
JAY. Yes I absolutely did! Thankyou for asking. I'm very satisfied right now. You provide me with alternate scenarios, so I just acted upon it based on what I was also seeing and bought some calls. You indeed helped me make some money today....and it's still early in the week.
Thanks Jay.
Kathy
Well done Kathy! Good for you.
Jay, thanks for the comments and your continuing work.
pete
Im a SUCKER cause I bot in at the close
If Flash is right we should get a rally of +200 dow points tomrrow
there is NO astro to hold it down tomorrow morning, but there is some later
the first bar cycle is 60b at 11:30
Power index shows early rally to the 500 level and it closed today at the 400 level- indicating a good start tomrrow.
However, sometime AFTER the OPEN, it drops back to 350, so do be aware of that and is weak into the next day open.
Wed runs UP again after 11:30 merc 90 Jupiter = scattered thinking till most likely 2 to 3pm
and it does look like it gives is up in the last hour OR first thing Thsday AM.
One way or another we are going to make this the BLOG of choice for traders- not investors
maybe I should write inwestors[g]
Jay
Thanks for your updates, Jay. From my work, also from the OEX put/call ratio, it's my opinion that it is very low possibility that we can get 200 up tomorrow.
Bryan
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