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| IMPACT STREAM a little WEAKER today than yesterday & futures are lower at 9am IGNORE EKG AMPLITUDE- IT can ONLY be used for DIRECTION |
Todays full moon is at 4:22 pm
126bars at 10:00am might off a short term pivot this AM
150bars at noon could be a secondary pivot
180bars at 2:30 could set the stage for a late recovery
HIGH ENERGY appears at 1:09 pm today
note
The longer we go without a serious sell off, the greater reality grows for that March debacle
Power data this week is benign showing very little change this week
Jay
WOW, finally a day of selling but the dow did not respond in like kind
5 comments:
hi Jay
That chart of yours today looks like the market could have a go at the 1300 today ..
LOL Jay
I still struggle to see how people can step up to the plate and keep buying this market.
With the full moon also the low of today will be a level to watch in future.
FT - people are not buying the market ... POMO is.
The action today is pretty werid, even when the $ was down hard, they didn't buy the oils and materials. That's not impossible, but it's different for sure.
So whats the day going to bring? If you look at the P/C ratio for this upcoming option expiration, the market would have to end the week flat to burn the most amount of people. So we could look at 2 down days to end the week flat.
FT
the EKG does NOT work that way
Just because it shows HIGHER highs, doe NOT mean the mkt WILL RESPOND that way.
We have seen the EKG SHOW DIRECTION.
*******NOT AMPLITUDE***
HIGH at 1:09 was close to the rebound peak, and WE cannot expect such points to be the HOD. IT was the ONLY pos energy point all day
In that manner, it was darn good.
Jay
PLEASE adjust ALL your thinking about the EKG to reality in terms of DIRECTION
For THOSE other points, we need to look at energy, Fibo, Elliott, etc
Jay
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