OK, Now that Dec 17th is over where is that rally you promised?
Heres some things I'm looking at, and they are telling me to look for a strong rally the next 2 days, including financials. Typically a 40 pt SPX move = 300 dow points.
That would take the SPX back up to resistance at 1490 area.
reading for today = energies dissipate- they sure did that
Better later, and so far it looks like the noon to 1pm lows at 126 bars may have done the job, but its only 2pm as I write this.
Magnetic energy pattern indicates a higher day today, but more important, a much higher run the next 2 days.
That projection is also supported by my tech data
MY Vol ratio = 236
My adv/Decl ratio = 228
both are well under the 400 threshold that indicates a rally is about to happen.
5 day ARMS = 137.5= bullish
5 day trin = 689 = bullish
10 trin day = 1122 = bullish
8 day IAN cycle may have hit also at noon
10 day Curry cycle today
My Jaywiz index was a 43 yesterday and is neutral, but does indicate a change.
Still working off the 9 months cycle low
Seasonality for second half of Dec is UP.
Anyway, the energy for the next 2 days runs HIGH with Merc 0 Pluto
Merc 0 jupiter & Sun 0 Pluto on Thursday, after which thing might spin out of control.
And we might just see a repeat of Dec 11th on the 21st and the 24th which are both harboring negative energy.
I will add to this If I think of anything else.
Best Wishes
Jay
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