ADDING 2 +2 =
Reviewing the current status in relation to the energy about to be unleashed in the next 10days, Im still on track for a melt down next week with greater emphasis on more serious days on the 20th to 24th.
Repeat what I wrote before
BLACK Friday August 20th
Blacker Monday August 23rd
Final lows on August 24th Mid Day
I projected a math model that STILL might go all the way, or might not go that far, BUT IT MATTERS not what level the spx ends at, IMO< it matters WHEN as more critical. SINCE the BRADLEY date had been published as August 11th, and the market made a closing high @ 1127.70, it appears to me that AUGUST 9th represented an important high, marked also with a 55 & 72 week cycle convergence at the same time.
ALSO under scrutiny is the Elliott EDT formation that has been forming since the July 1st lows at which point, the spx dropped to 1010 from 1131 in about 10 days. There are a few ways to label each leg since the April26th HIGH at 1220, but to keep it simple, imo, we had a wave [A] low at 1010,
now wave [B] at 1128,
next looking at a serious [C] wave. Some have labeled April 26th as the TOP of P2, but I really think it was only wave 3 of P2, now in wave 4 of P2 which is about to culminate at about the 50% of the difference at 785.
using FIBO math, we can guesstimate what levels should be reached in this next 10 days as I showed b4.
1220- 1010 = 210 pts
210 x 62% = 130 + 1010 = possible high of 1140, got to 1127
210 X 1.618% = 340
take the recent high of 1128 - 340 = 788 as potential for the next LOW
All time high @ 1575-900 = 666 on March 9th, 2009
1575- 50% of 900 = 450 pts = spx to 1125 got there twice so far
785 = 50% of the 1575 high
Ive suspended publishing daily EKG for now as I see the August outlook as MORE IMPORTANT
Today has a 39 HOUR cycle pivot due at 10am and the DOW futures are off 121pts at 7:30am pointing at that low and or 11;26am at 23.6%/13 day before heading back up later in the day & The read for the day agrees with that outlook.