|May26th at 8:30am|
THE ABOVE market graph fist extremely well with the premise for an
ELLIOTT FLAT formation ending TODAY at the 1300 level +or- 5 pts
THE NECKLINE of the INVERSE H&D has a BASE at 1295
THE Elliott formation shown above leaves the DOOR open for
ONE MORE "c" leading to whats labelled as "A" above
EKG confirms such should occur today which agrees with the POWER DATA graph
Yesterday's late sell off indicated today would be lower at least for the morning
Impact stream above is showing lower energy, verses yesterday's slow climb
Activity index gained yesterday very little and today so far is at a low ebb of 66
Technically, some have indicated we should see SPX 1306, and some are projecting as low as 1295, but
that has to be the floorm which may or may not get hit, but if it doesm Im not waiting for anything lower.
38%/13 day cycles is at 10:42am, and MIGHT provide the pivot low
Neg energy at 1:35pm
FUTURES not indicating a PLUNGE at open, so it could take some time to unwind.
Today is a Bradley date, and from all the above data, we must project it as a pivot LOW
Cycle convergence from FEB18th HIGH also seems as an obvious low today
Wave count indicates today making the 5th wave, or "C" wave of the 4th wave from the Mar9th,09, low
which OPEN the DOOR to wave 5 of 5 of 5 ending early August imo.