|April 27th @ 9am|
SPX 1350 & dow 12,600 still represents strong resistance
and the mkt will make a few attempts to break above to get to the FIBO level of 1373
The next level of NINE is at spx 1359 & 12,699
DOW has a lower level at 12,645 which is getting tested at 1pm, eight after the Fed announce
but SPX refusing to get over 1350 at the same time. 12,654 is also a NINE COUNT- just add the numbers to get to nine. 12,672, 12681, 126,90& 12,699
EKG today seems to agree with a low on the 13 day cycle at 12:25pm
And later rebound assisted by positive energy during and after Bens' press conference.
TOMRROW should set then back considerably all day
Friday's positive energy should allow stocks to RISE again, making what looks like a possible top
of the "D" wave of the expanding triangle as depicted on a previous page and out to the right on the main
Ive added the MONEY FLOW charts from Market Insights
NOTICE that both charts show MONEY flowing into the market from the April 18th low,
the longer term graph shows it at a reduced level to prior highs.
Dow 12,707 = NINE, couldnt quite hold onto it.
SPX over 1350, but couldnt get to 1359.
OEX PC ratio FINALLY on a SELL
Jaywiz index on a BUY, but 2 days in a row gave a SELL @ .23 & 26
Maybe get a higher open, great shorting OPP- or 25 pt rebound off a 50 pt down open.