Just as indicated Yesterday
they will open higher and may extend gains from 1pm to 3pm
possible retest of spx 909,
Its not that far away = 128 dow points
TODAY's Activity index at 8am is way up there at 400
remember that yesterday it was FLAT all day at its lowest level @33
so a reading of 400 indicates a very strong open today
I will keep you updated during the day, but will be out of the office from 10am to noon
Power index is clustered at 400 for most of the day and drops later to 300
Power index opens Friday at 300, and immediately jumps to 500
propensity index today starts at 2990, then moves up to a high of 2996 somewhere mid day
best guess between 1pm & 3pm, then drops back down to 2990
Bar cycle
204b@ 10:30
228b@ 1pm
258b@ 3;30
remember that 180b@ 3;36 hit exact lows yesterday
Midnite high tide inverted = a low today
occasionally the 258b cycle extends up to 30 minutes = 264bars at close
maybe, but I still prefer the 3;36 time slot for the LOD
A caveat since I see the open Friday similar to Tuesday which was down for 5 minutes
then exploded up for the day
question becomes when to close out shorts and get long
My game plan is to get out of shorts late today, 3:36pm, provided that I buy short during the day
AND
BUY long at or before the close and ADD more on a lower open- Fri
And YES
I do PLAN to get SHORT at Close on Friday, and YES will add more shorts Monday AM if warranted
more later
Jay
Jay < Do you have a long range forecast for the month of June Thanks Eric
ReplyDeleteas of the OPEN, activity index has taken a dive from the 400 at 8am to
ReplyDelete166 presently
should be an hour delay before it shows up in stock prices moving lower
we do have a 204bar cycle low due at 10;30
I dont think thats the end of the rebound;
SPX 909 should be resistance today
might be a very brief moment later today
Wilhelm's chart shows the range now between 909 and 880
more later
Jay
9:50am
will be out till noon
ERIC, scroll down thru the blog archives
ReplyDeleteJune10th to 17th MAJOR DIVE
June18th to June24th MAjor recovery
in other words
MONSTER volatility for June
Jay
Thanks Jay
ReplyDeletegood analysis Jay
ReplyDeletesam
dear Jay
ReplyDeleteI am one of your friends at marketguru The hours that you mention in your comments are all EST I guess!!
Good work and thank you for being there. God bless for sharing your work.
you are right on the money Jay. great. I am waiting for 905-909 area to add shorts.
ReplyDeletesam
welcome Follower # 64 and anyone else -from Mkt guru- please register
ReplyDeleteas a follower - its good for my ego
Ok today we had the UP OPEN high @ 9:45
then 10:30 = the 204bar cycle low
Its now 1pm and we just had the 228bar cycle low, and theya r rebounding from there.
today's activity index dropped from the open at the 400 level to NOW at 133 on the downtrend within an hour from 1pm;
My game plan is to buy some short positions as we approach 1;30 to 2pm
Spx 880 would be a very nice lsoe today- as the power index drops BELOW 300 at tomrrows open
Will I hold for the OPEN??
Cant say until we actually see how low we get at 3;26 and or 4pm today
Friday looks good for a huge rebound after the opening low till maybe 11am to 1pm, and if so another good shorting opp
more later
Jay
Its NOW 1:20pm and they are RUNNING it up & banging on 905 right now as i write this
ReplyDeleteRemember Im scale trading
Activity index NOT rising at all
and whats MOre the VHF is very active = bearish
More later
Jay
you are great thanks again
ReplyDeletesam
wow! again right on the money. I see huge neg. divg. too. we should begn the fall soon. thanks Jay for great work.
ReplyDeletesam
Its ALMOST 2:45 and the TYPICAL high
ReplyDeletetime of day
Activity now holding at 100
down from 400 this am
SPX hit 909 a few minutes ago and dow +131 pts as predicted yesterday
thank you follower # 65 for registering
should make the turn lower at 3pm
258 bars at 3:36pm
264 @ close = mkt in overdrive
Tomrow's POWER & Prop index BOTH point NORTH
I think I will be selling shorts & buying long at or near close on downdraft today
more later
You expecting 30 point decline on S&P in 1 hour?
ReplyDeletethanks jay
ReplyDeletesam
My numbers saying we close down Friday.
ReplyDeleteCoy,
ReplyDeleteDidn't your numbers say we close down today too?
Posted yesterday
ReplyDeleteJAY,
Could tomorrow be UP and then DOWN on Friday??...and continue down on Monday? Do you see that potential possibility?
Willy
3:37 PM
--------------------------
I hope so Coy. That would mean my projection may be right on .
HI Jay, I know 20 minutes still. are you holding short for tomorrow or cash in at the close?
ReplyDeleteyes Im still short at 3;45
ReplyDeleteGRR
not responding unless they open down
with a vengeance;
Jay
thanks
ReplyDeletesam
20 comments, oh, 21 with this. could be a high !
ReplyDeletea2
New highs and new lows
ReplyDeletehttp://finance.yahoo.com/advances
low at noon fri < strong close
ReplyDeletethe yahoo new highs n' lows page seen to have the NYSE numbers swapped.
ReplyDeletehttp://finance.yahoo.com/advances
OK Jay, time to regroup and sharpen up your pencil and analysis. with huge neg. divg. and breakdown of ascending wedge we should ( may) open gap down?
ReplyDeleteI agree with you -- am not phased yet.
good work. keep it up
sam
Thank u jay 4 all ur comments and work!
ReplyDeleteYes, numbers of yesterday indicated a finish below zero today. These EOD projections get skewed by news. It seems today it was the very successful mid-day auction of the 7-year note, sustaining oil, gas and financials the rest of the day. Does wind the spring tighter for tomorrow's EOD sell-off.
ReplyDeleteThis may be contrary to Jay's current projection.