and they will WASTE many paragraphs explaining those graphs of yesterday, last week, last month and last year. Then they will tell you to expect blah, blah blah in the next 2 weeks and or months.
BUT WHAT DO TRADERS WANT TO KNOW ??
ITS REALLY VERY SIMPLE !!--
WHATS NEXT in the near term, meaning the next few days
THAT'S What Jaywiz is ALL ABOUT. In accordance with that.
Here is the JAYWIZ OUTLOOK for just that.
the SPX low at 1267 can be considered wave 1
thus we now are in wave 2 retracement to a higher price level
with a potential recovery to either
23.6% to 1300, already hit at 9:55am
38% to 1326 ,
SOME TIME TODAY-- Why today You ask?? good question, lets explore*
|TODAY, JUNE6th is ONE of the GOOD DAYS|
|EKG thru EARLY June7th, shows a set back starting during today's last hour|
Wave 2 completing today at either 1304 and or 1326, OPENS the DOOR to wave 3
whats that mean? you ask-- good question - lets explore
3rd waves can be pre measured by using a fibo multiple x wave 1 which was 155 pts
SO, we now take 155 x 1.62% =251 pts
Then wave 3 can take out 250 pts from lets say 1326 would settle at 1076
NOW, since 1076 - 1422 on April2nd =346 pts/ 1422 =24% which is close enuf to 25% to be considered and Official BEAR MARKET.
STAY TUNED for further details, and get ahead of the market