THE FUTURE

THE FUTURE
Graphs above are dated JUNE & JULY 2017 as well as the NOTE UNDERNEATH

Thursday, May 05, 2011

Market Timing-Whats Next -May 5th Morning report adjunct

Published May 5th @ 9:10am
This should give us some perspective on whats going on this week

We got a DROP as indicated from the 2nd to the open today on the 5th

THEN we see a FLATTENING out today and tomorrow as previously projected.

SOO<> what happened to the EXPANDING TRIANGLE wave E very hard drop??
ITS SOMEWHAT IN DOUBT, as we can only see a minor set back for the month of May so far.
with STRONG opposing forces in both directions.

As the GRAPH shows, we have 3 high points this month
May 2
May 11
May 20
JUNE 1st
And 3 PIVOT LOWS in between
May 4/5
May 13/17
May 27

THERE IS a STRONG HIGH TO HIGH cycle on May 20, off FEb 11
May 20th Might not offer new highs depending on HOW low they get on the 13/17 pivots

May 12/13th is the BEST chance we can see for a duplication of the flash crash, and IF that happens,
then we might bring back the E wave as possible.

BUT FOR NOW, MAY 11th is the NEXT HIGH energy date, and there is nothing in the way of making another high or at least duplicating it and getting a close at 1372 or above

Jay

7 comments:

john said...

A little more downside than I was expecting

Jay Strauss said...

NOT by Much John;

INstead of opening lower tomrrow, the might have set a short term low at 3;30 today at 1329

a LOWER LOW on the 10th sets up a really good oversold bounce on a very high energy day for the 11th.

Employ report expected to be POOR
by traders not take any chances and sold off today in anticipation.

MIGHT NOT WORK OUT THAT WAY
Jay

MACD, ULTIMATE Osc, OBV, momentum, all hit lows at the 11;15 low, and are rising off the 3;30 low

Jay Strauss said...

JOHN
Possibly get a run up tomrrow till 10;30 high energy point

60bars hits at 11;30 and should take away the open rally

but they are now setup for a VERY SHORT TERM OVERSOLD rally

Jay

Jay Strauss said...

BUY SIGNALS were generated TODAY
PC ratios
Jaywiz index
Jaywiz ADV/DEc ratio
Jaywiz Volume ratio
all bullish
Up early
off the high at close
RUNUP more on Monday till NOON
SELL OFF from there thru Tuesday
Jay
WED HUGE RALLY DAY.

Russia said...

Hi Jay
If I for long term shall I wait untill June
thank you!

Russia said...

Jay,
The bullish longer-term view has not changed?
NOW it's over sold,should I wait until in June and sell off in June.
Thanks for your reply.

Jay Strauss said...

RUSSIA
there is a HUGE difference from
short term oversold, and LLONG term OVERBOT

MAY is the MONTH of DOUBT and UNCERTAINTY

FOLLOW the MONTHLY GRAPH
Not my day to day updates unless you are day trading

Please send me email if your confused or dont understand

thanks
Jay