Today's reading calls for morning problems, but positive laterThere could be a late energy burst to keep it higher at close
Cycle pivots due at 11am
204bars @ 11am
62% /13 day cycle @ 11am
hourly cycle @ 11am
258bars @3:30
THIS Mondays 213pt loss looked like 5 waves, but that only setup the next rebound this week
The TIMING for this week as a HIGH still stands per TIME & PRICE on the dow & spx
Whether that was Monday, April 23rd on SPX close or 26th- Monday at 1220 intraday
Late Sunday- May 2nd energy indicates a DOSE of REALITY
which should effect Europe and US mkts most of next week as there is more during the week
which should exacerbate some mkt woes.
more later
Jay
6 comments:
I wouldn't be surprised to see a slightly red close. If anything odd comes out of Greece or Portugal over the weekend... we could have a rough day Monday, so I think traders will want to stay flat or lighten up a bit.
Jay,
Does this downswing last till May 6th or are you saying that Mon we have a bounce? Your text is a bit confusing.
Arak
I think I fixed the verbage on the main text
jay
http://3.bp.blogspot.com/_RHwzqq5yGy0/S9sRhQEEp5I/AAAAAAAAAvo/9jW136JSEtA/s1600/the+Lloyd+Blankfein+Top.jpg
thanks rrman
I posted it
Jay
Now, ..., that is what I call first rate analysis!
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