THE FUTURE

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

Thursday, July 01, 2010

JULY 1st EKG

It doesnt get much better
45/65 = 69%
it seems that 258bars did NOT hit on the close and did not repeat the performance
of yesterday's 180 bar close, but the POWER index DID show strength late day
which I may have mistaken earlier in the week as strength at open today and or tomrrow

Cycles ,Wave structure & fibo SEEM to indicate tomrrow is an important
day to make a CYCLE PIVOT LOW at 3;29PM - JULY 2nd

I had previously mentioned several times that the MATH indicated spx 1009 as a potential LOW

Which would mean that ANY rebound today should be shorted as well as any higher open tomrrow

ISM # comes out at 10am, and IF the 13 hour cycle finds us at a low,
there might be a strong reversal at that time or even later by 10:30 to 11am.

180 bars seems to have hit yesterday at 3:50pm, unless it occurs at open today
204bars @ noon
228b @ 2pm
258B @ 4pm which COULD take us DOWN again in the last 30 minutes

More later
Jay

40 comments:

JUFU said...

comment to follow comments ;)

thanks

JUFU said...

nt

Abdullah said...

I am in the DXD, I filled at 31.57. I will give it a 35 cent stop

Reza said...

are u sure Abdullah,

tomorrow is last day before july 4

Kc135a said...

FWIW the SPY has bounced off of the 38.2% (101.10) from the 2009 lows this years high on a daily chart.

That should set up at least a test of the neckline in the low 104's and potentially to the 108's in the next 2-3 weeks.

Abdullah said...

Reza - I put in a stop loss. worth the risk IMO. Will see what happens.

Abdullah said...

This is a very interesting time with horrid economic reports hitting just days ahead of the big earnings season. A substantial dip ahead of the earnings reports does make a lot of sense. I am being cautious, this is a very dangerous market.

cementzak said...

according to my wave count the decline is not over, but wouldn't bet on it... i short tops and it take profits on the way down, i only have a small short position left. and my target would be 982SPX IF we have another leg down tomorrow

cementzak

Abdullah said...

I'm guessing they are going to try and manufacture a good jobs number, but I still think we could fade. The most serious technical indicator, was the 50 DMA falling under the 200 day on the S&P. They will do their best to get that back and maybe they can. But in the longer term? I think it fails.

Jay Strauss said...

KC
JULY 2nd -Tomrrow is an 8day LOW
off a very important previous low
on Oct 27th, 2008

424 tr days / 8 day cycles
power index shows tomorrow low

Solid rebound Monday & Tuesday
and part of WEd next week

should come off spx at 1009 or lower Tomrrow

More trouble occurs on 8th & 9th as shown on the JULY graph

Jay

Jay Strauss said...

Cementzak
SPX 982 - thanks

I just pointed out that tomrow
is an 8day CYCLE LOW in a series of 8day cycles going back to Oct 27th, 2009 - its 424 / 8 = 53 repeats

We also should expect a strong OPEN tomrrow as the reading that was expected for today just might flip over to tomrrow- ti Happened Monday & Tues this week, and looks like it will do it again

BUT more important was the DAY after oct 28th MKT had its biggest one day rally ever near 900 pts

Not saying it would happen like that on Tuesday, next week, but SHOULD get a very strong rebound
topping early on the 7th according
to the daily readings for now

Jay

astro8 said...

Jay the 5th markets are closed so rebound would be short lived. We fizzeled out pretty fast. don't see your july graph past the 2nd unless you just posted

Abdullah said...

Jay - Mon market is close.

Kc135a said...

Jay

Thanks

I have three pivot dates. 7/15 is now 7/16 and major ones at 8/17 and 9/1 of which neither has anything to do with cycles, New Moons, nor any astro.

Still looking like 7/16 should be some kind of reaction high but it could invert.

Up to 7/16, down to 8/17, and then up to 9/1 setting up a thumping down into mid October would be perfect but who knows. Market never seems to do what it is supposed to do but clearly the trend is down into mid-October regardless of any rallies.

Jay Strauss said...

ASTRO8
\just scroll odwn
I reposted all the graphs
for reference

KC
lets keep to July for now
any further out gets lost in limbo land

Tomrow SHOULD get the WASH OUT low as the 8day CYCLE
converges with 329 bars at 3;30
An Occasional overthrow after 258bars

Jay

Jay Strauss said...

I mentioned Tuesday which
acknowledges the 5th as a holiday

MATH model
1220 to FLASH CRASH @ 1066 = 154pt
WAVE equality
SPX1131 - 154 = 977 to 980

Should happen tomrrow

Rebound right now into near 32pm is reaching 14.6% fibo from
1131 to 1010 = 120
120X 14.6% = 18
1010 + 18 = 1028 unless they blow thru that on VOlume
next level is 23.6%
or 28 pts to 1038
which would puts in the PLUS column.
Im watching carefully at the 2pm slot
Jay
Jay

Jay Strauss said...

ANYONE think they can RUn this UP into the close at least till 3;30?


1028 got to IT at 1:30
next would be 1038 at 3;30??

Jay

Alesund said...

Jay,

Do you think we gap up tomorrow by a good amount and then retrace into a final mini crash low? Is that what you are seeing?

Much appreciated!

Jay Strauss said...

2pm
3rd attempt to break above
1028 seems to have stalled
or failed

Any sharp drop from here will be telltale

Jay
OK,
the ACTIVITY INDEX was at 400 , and has JUST taken a sudden DROp to 300 now aFTER 2pm

Jay Strauss said...

IF we DO get that WASH to FIBO projections of 980 area, then I will be BUYING tomrrow's CLOSE

Jay

Jay Strauss said...

Alesund
Thats WHAT i was looking for as
of yesterday, but Im beginning to change my mind about tomorow
Any Employ report this week would have to be a DRAMATIC change to have any rebound occur

Ive been reading over the daily outlooks, and I think tomrrow will NOT respond as I have been projecting

IT may actually be a GAP OPEN DOWN
especially if we get a STRONGER CLOSE Today near spx 1038

Energy at midnite tonight calls for CHAOS, and that could create some problems for Europe, thus effect our open

Either way, SPX 980 should be the 8day CYCLE target

Jay

Jay Strauss said...

I bot some shorts at 2:15, and will add more if we make it above 1028

Jay

rrman said...

sure hearing a lot of talk about a bounce to 1080 the way the euro rallied straight up today makes me think they could do it with the market too

francois said...

agreed rrman..remember I told you at 122 to buy eur/usd as 60 min put in 2 fantastic hammers with a higher low..I think Jay's chart inverted and 7/1 is THE low..the whole week has been off as 7/1 and 7/2 should be higher than 6/28

no offense,we are here to bob and weeve,but I think the jobs # is priced in,and with census figured in and the unemployment rate will drop due to lack of unemplyment extensions (for now) the rate may frop below 9%... the ppt knows what they are doing,but I WILL tell you the 60 minute "hammer' on tna at 10:30 is powerful...daily candle yet to close, but as of right now,ALSO a hammer on S+P...

the adx is SCREAMING a buy on s+p 60 min,so I think they GAP UP friday on it's way to 1060-1080 next week

Jay Strauss said...

Flash ALSO had 11am today

which was right in line with an energy pivot at 10:52 which did hit first, and 11am pivoting on the 13 hr cycle

HE ALSO HAS 3:29pm TOMRROW
which works very well as a 329BAR CYCLE LOW

Jay

Jay Strauss said...

FRANCOIS
SAVE that HUGE GAP UP for TUESDAY
next week
Jay
CYCLES trump internals
thats why internals can stay oversold
for days until the CYCLE release
human thinking

Kc135a said...

Index P/C has been low 2.00's most of the day implying the kids are long and hedging with puts.

Doesn't always work but works enough to be a serious consideration.

Abdullah said...

some come back ...eh.

Jay Strauss said...

Triple top at 1028

258bars hits OPEN

14.6%13 day at 10:20

329bars at 3;30
Flash says 3:29
We'll give him that minute

gg

Jay

Abdullah said...

gold/slv taking a hit.

rrman said...

Should gap up tomorrow tuesday will be a big up day also monday is a holiday
I am not getting shook out of my tna/fas as the market is trying to do....
the Euro followed Helge and rocketed up today making up all the down since
the 21st .....HUGE.MOVE....the S&P was down 3 I think it is lagging and tomorrow
and tuesday it will make the big move.....if it makes the same move the
Euro did today tna should go back to 50 it closed at 35.65 and fas back to
25 it closed at 18.73 today.....

samamehta said...

Jay good calls

Flash: do you mean flash fusion?

have not seen his twitter updates lately

Reza,

any new from mr. Big M?

Jay Strauss said...

Flash Fusion
private emails

Jay

Abdullah said...

A possible down move early in the AM on jobs data and rally the rest of the day.

rrman - I will sell my last position in FAZ and jump into FAS.

Alesund said...

Jay,

My e-mail is nealinnagoya@hotmail.com regarding Flash Fusion.

Thanks

samamehta said...

Jay, if you are able to share Flash emails , as you deem appropraite, I will appreciate. I am not able to log into your site as our IT department blocks it.

Thanks

my email is

samamehta@gmail.com

AS said...

Rman - where do you Helge's Euro predictions - is there a separate link for that ?

Jay - I would be interested in Flash's updates too :)

rrman said...

no i use his regular charts they work better with the euro than they do with the Dow that he charts...I mean look at the big rally on the Euro today it was plain as day on his charts but the Dow hasnt rallied...."yet"

AS said...

Thanks Rman :)

Jay - no EKG ?

Jay Strauss said...

I Have been reporting FLASH Fusion
right here as I get it.

Jay