Weve been WAITING for a trend change since about SPT 20th,
but it seems to be like the energizer bunny
Monday's outlook at 39 hours at open till 10am,
along with the daily read & power graph
ALL seem to indicate ONE more thrust to maybe 1170
Once we see lower highs & lower lows starting to take effect we can be more certain
the trend has changed.
From the energy & power data graph, it would appear next week might show us
the way into that new trend
the new moon on the 8th did indicate a change
The Chart above from Michael at Columbia is not labeled,
but does seem to show 5 waves nearly complete from that low at 1051.
Since nothing serious is expected till the week after, we will remain vigilant
watching for evidence of such a trend change
Monday is a bank holiday