THE FUTURE

THE FUTURE
Graphs above are dated JUNE & JULY 2017 as well as the NOTE UNDERNEATH

Friday, May 07, 2010

USE the CHAT ROLL if your online here at 11am

Chat ROLL seems OFFLINE

BOT short on last rally at 12;21 as I indicated might offer a quick run up

SPX got back to 1127

Reza
SPX high at 1220
- 120= 1100 & 200 day at 1095
got to 1070 intraday Thsday on a wave 3 THRUST
wave 4 NOW seems to be in progress with MAX highs at 1140 = 80 pts from high

10:20 was 13 day cycle SEGMENT pivot low within 8 minutes - actual at 10;28

Monday has next 13 day at 11;26 along with 156bars at 11am
and as today, SEEMS to have keyed the LOD off EUROPE close

Multiples of 40 pts are the RULE of THUMB for the SPX
thus
1220- 160 = 1060 , and very close to yesterday's intraday low
could that offer another attempt on Monday ??

that level of 1060 also = 13% fibo
Its a level that I had mentioned in March

It would be typical for a wave 5 to close on its intraday wave 3 low

any other scenarios are welcome for discussion

13th with MERC direct and new moon does offer the next pivot for a BULL trade

more later
Jay

13 comments:

after8 said...

buy buy buy. 1117.7

Jay Strauss said...

After8
are you sure you want to
do that
if you do, and we close at a high
then you will be vindicated, but if not

read my jaywiz live dialogue about April 2000

ITS HERE AND NOW

Jay

Reza said...

Jay

Any updates for the close

Reza said...

Looks like gap down. Jay any thoughts

Reza said...

Jay

As you mentioned. One more rally to 1225 area

http://www.etf-corner.com/.a/6a010535da87f8970c01348095024a970c-pi

Jay Strauss said...

Reza
that was 1125 at 12;21 today
DONE & over
jay

Abdullah said...

One of the main reason I stopped out yesterday and locked in my profits in TZA & TYP is because the with Obama coming on to lie about how great the jobs report was, and the Fed feverishly printing money to give the banks so they can buy stocks, there's no doubt we will not get a day like yesterday. But as you can see by this incredible chop, it's not a day to do anything but play daytrader and pick off quarters on the bounces ( or dollars, like the big recent SPY bounce)

I will not be doing anything (CASH & FAZ). Monday is the key day, not today. Today is the fall out from yesterday.

Abdullah said...

All the fireworks will happen on Monday. If there is bad news out of Europe.. Monday will be blood red. If nothing bad happens we'll have a major bounce maybe 500 points in a few days. Time will tell.

Jay Strauss said...

Abdullah
This is one of those RARE wkends to be SHORT

News should turn SOUR on Sunday and spill over from ALL of EUROPE to the US mkt until about 11;30 when they start to close overseas
And then we get to settle down
JUST LIKE FRIDAY

Now another thing
Coincidental or NOT
13 day cycle segment HIT AT 10:20, and the LOD occurred at 10:28-- hmmm
Pres came out to talk right after
and the DAYS REBOUND HOD hit at 12:21pm on an energy sequence

SO the day was NOT MANIPULATED by ANYONE

Jay

Joseph said...

Hi Jay, from a TSX perspective Im watching OIL, I believe 72-75 is a for engery stocks such as HEU, XLE, XEG great entry point.

JAY, How strong do you feel that will hit 1080-1060 next week? If we dont sell off Mon/Tue than will finish the week higher. RED Dragon seems that will hit SPY 105-109. I hope he is right due to it will be a GREAT LONG BUYING Opportunity...

Hope you have time to respond

Thanks
Joseph

Joe said...

All cash here, so dont care where we open on monday. But my projection is we get a 2-4% rally on Monday-wednesday. Opens above 1120. Planning to short above 1140's. DONT double up to short if it gaps up as it has potential to even extend to 1160.

If we dont gap up and move up and instead gap down and crash, I will be ready to buy.
Odds favor gap up, though.

Good luck!

Jay Strauss said...

Joseph
Power index still points to a low on monday & strong rebound on Tuesday

I Like RED, but i cant go by how it feels

Jay

Jay Strauss said...

Monday's read
WAIT one more day for making decisions

today is a struggle & demanding

Jay