Flat close Jay? Look like a ramp into the close
Its not written in stoneBUT 3:30 is 126bars, so the close could offer a little reprieveJay
its not impulsing down,still support being found and a few buyers here and there.the way the open was sold it looked possible.a convincing break here of 1067 and im scalp long for the day.a big fat red candle needs to show up very soon though.
As after8 has noted, markets are not impulsing down, suggesting that there is more upside to come unless we can start heading down in a hurry.
just noticed,chris carolans dow solunar model has us going up into the 23rd+ or - a bit.then a steep fall down into the 15th september.needs to get cracking by next week.so far we're just range playing.
We have POMO on 24th & Wed.
Looks like we got an initial 5 waves down to 1063.91 at NOONAnd now floundering in a retrace wave that is just floating along.Noon is 90 bars next pivot lower should be at120bars at 2:30pmOR126bars at 3pmPositive energy at 2:49pmMight start to impulse lower after that, but would have to bypass the bar cycleWe are following Lavoie's SPX 500 path matching the Jaywiz August map.I reproduced Carolyn's chart earlier this month - just scroll down on main page to an earlier date.Jay
I hate to disagree Jay, but it looks like we get a good rally next week. We are clearly not in P3 yet.
closed my scalp long for 4pts.flat and ready for next weeks offerings,whatever they may be..anybody who thinks we're going lower had better sell now,because if its just expiry shenanigans today we could wake to the mother of all gaps come monday.nothing to suggest that really,yet,but its coming soon i reckon.
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