Monday the 29th is also a historic day, and it might have just hit a short term high.
62% rebound on the SPX
54% rebound on the Dow
Tuesday should start DOWN
Wed has an 8 trade day cycle high at the open, and the Fed rate cut at 2:15 on WEDNESDAy might offer a minor spurt.
BUT, I am looking at the trend from here to NOV6th as biased DOWN
FROM NOv 6th, the rally should take the dow to possible new highs by NOV 16th, which of course is option Expiration day
Todays bar hits were due at 10:30, and 1pm &3pm
They did HIT in the middle of each target;
A low was scored at 11am, and again at 3pm
Tomorrow - Tuesday should have bar hits at 11am again, and this one should be more meaningful than Monday's
The second one should hit at 1:30
4pm should also be signifigant.
Jay
No comments:
Post a Comment