A Range

It would appear we have a range setup between 920 and 885 for now
& will remain until the lower end is resolved
which may not happen till tomrrow at the earliest

the POWER index remains on a decline thru Friday
And the Propens index shows a similarity to the 16th which opened higher
and turned down at 11am

SO whats the game plan
Futures now point to a moderately higher open

I will still sell some puts at 10am if a low is offered
if not at 10am then at least at the 90bar low at 11;30
Either or situation
And
will consider re entering additional shorts at 3pm

Ian's low on 18th or 19th is looking now IMO, at the 19th
I'll worry abut the 25th-26th NEXT week

A little heads up for Monday - PRELIM astro report
there is a Very positive Mars 120 Saturn at 10:45am
but the new moon seems to be a drag as it also is clustered
with a venus 135 pluto & Sun 180 Pluto
SO, and UP start on Monday should give way to selling in the afternoon

As far as the wave count -- expecting a 5-3-5 correction form the 956 high to 885
It looks like we got 5 waves down from the high as per Ravi, and I agree
it also looks like we may have gotten,
or in the process of completing an ABC rebound off spx904

From yesterdays high at 1;45pm we might have gotten 5 waves down = wave 1
which gives them room for wave 2 UP today finishing at 3pm

heading down into tomrrow for a possible low Friday, and or Monday on the new moon

Ive given up on the idea of a huge rebound for now until the eclipse low of July6th
thru the eclipse high of July22nd

more later
Jay