The way the market blew the roof today, the market should be down for at least a week. Are you still going to go long at end of day tomorrow. SPX & QQQQ and other indexes had the island reversal today
12 hours for wave "B" your right, it doesnt seem likely, BUT Who would believe that wave v would be only 1+1/2 hrs, but it actually started the day b4.
& From 11am, it looks like wave 1 and 2 finshed, and wave 1 & 2 of 3 started
YES, I still see Monday as a strong day, UNLESS Tomrrow is a shallow sell off, and doesnt plunge as I have been projecting all week.
Astro provides the road MAP for which the MKT MUST follow AND There is much more than just astro working tomrrow as I have posted MANY TIMES I guess you will all have to see it in action [ONE MORE TIME],b4 understanding its effects.
7 comments:
SPY closed below opening price. Jay should
Ravi
...get his big down tomorrow.
Ravi
A is done
(i) 869.32 887.86 18.54
(ii) 887.86 872.81 -15.05 -81.2%
(iii) 872.81 979.42 106.61
(iv) 979.42 968.65 -10.77 -10.1%
(v) 968.65 996.68 28.03 1.51 of (i)
A 869.32 996.68 127.36
Retrace target for B
21.4% 969.42 27.26
38.2% 948.03 48.65
50.0% 933.00 63.68
61.8% 917.97 78.71
78.6% 896.58 100.10
Prior Top 31.8% 956.23 40.45
Prior Closing Top 39.6% 946.21 50.47
(iv) bottom 22.0% 968.65 28.03
Ravi
THANKS
950 area is MIDDLE range and has a good shot at finding support
Merc 150 Uranus at 2pm is close to 120bars at 2:30, and could provide a low at that point, but I think the close will be lower.
Jay
Let us see, what was the largest drop since March bottom. That was April 20. That was a buy.
Prior close= 869.86
LoD and close= 832.39
drop= 37.47 OR -4.31%
just for fun, what would similar drop mean tomorrow
today's close = 986.75
down say 37.47, that is 849.28
down say 4.31%, that is 848.55, darn close to 38.2% retrace at 948.03.
Possible? yes.
Probable? not much, it is difficult to believe that B will last only 12 hours or so starting from Hod today.
Let us see,
Ravi
Jay/ Ravi
The way the market blew the roof today, the market should be down for at least a week. Are you still going to go long at end of day tomorrow. SPX & QQQQ and other indexes had the island reversal today
12 hours for wave "B"
your right, it doesnt seem likely, BUT
Who would believe that wave v would be only 1+1/2 hrs, but it actually started the day b4.
& From 11am, it looks like wave 1 and 2 finshed, and wave 1 & 2 of 3 started
YES, I still see Monday as a strong day, UNLESS Tomrrow is a shallow sell off, and doesnt plunge as I have been projecting all week.
Astro provides the road MAP for which the MKT MUST follow
AND
There is much more than just astro working tomrrow as I have posted MANY TIMES
I guess you will all have to see it in action [ONE MORE TIME],b4 understanding its effects.
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