update at 4pm
CHALK UP ANOTHER ONE FOR THE GIPPER
40/59 = 67.8%
CLOSED under 100 as suspected, and should open lower tomrrow
I dont think that GAP in the data means a GAP for the mkt, but we'll see later
55%/13day at 11;59
Bar cycle pivots today
156bars at 10am
If 4pm DOES close on a LOW, then I would expect
tomrrow AM to seek higher ground at the 26hr cycle at 10am
Today appears to be a wait & see type day
Maybe more sellers than buyers ??
ITS 10am right now and the higher open is FAILING into 10am
@156bars, and most likely continue lower today
I really dont think SPX1130
can be reached, but I dropped it out that for thought.
others have mentioned it and it is a fibo level.
Ideally I would like to see today at or under 1100,
but it might not occur till tomrrow AM - some are suggesting support at 1085
Wed AM has SOME NEGATIVE VIBES for OPEN,
and the 13hr cycle at 10am might be the LOD
IF so, then any rebound would only recover the losses
and maybe add a little more to end a little positive.
Keep in mind that even tho Wed calls for $$ benefits,
the rally looks like it will come off a lower open