READY FOR WHAT ??
good question, lets explore--
Tues AUG 23rd the SPX hit 2193.42 and failed just under the previous high on AUG15th at 2193.81.
WHY was that important ?
HIGHS ON THOSE SPECIFIC DATES??
WAS it ASTRO ?
WAS it Interest rates ?
WAS it something that someone said?
was it good earnings ?
was it IBM or ALPHABET or Amazon?
NOPE sorry, NONE OF THOSE.
HERE'S THE DETAILS - KNOWLEDGE IS POWER **
Aug15th was 144 trade days from the January 20th PIVOT LOW at 1810.
Aug 23rd was 1879 trade days from Mar9, 2009
JUNE14th SPX HIGH @ 2120 was
1830 trade days from 3/9/09.
1830 is 3 iterations of 610days FIBO = 89 months.
Aug 23rd is 49 GANN tr days from JUNE14th
SO WHATS NEXT ??
AUGUST 30th is fibo55 tr days HIGH TO HIGH from
JUNE14th- THIS CYCLE SUGGESTS ANOTHER HIGH!
HOW HIGH, YOU ASK ? good question
SPX closed at 2169 which is not very far from 2200.
BUT most everyone is expecting the market to sell off on Monday, Aug 29th- WELL- NOT JAYWIZ - WE DONT HAVE TO GUESS about whats next !!
MONDAY AND TUESDAY are SET UP to RALLY and make another attempt to break over 2200-
We have confirming resources to that effect---
notice IM STRESSING the word ATTEMPT
Stay Tuned for Further Updates