Ravi
Your Math and Elliott are incredible - MUCH to absorb
Send me a one paragraph SUMMARY by email and I will post it for a new thread
Hadik's latest report indicates TODAY is possible at 9700 dow = SPX @ 1050
He calls 9700 a magical high & Aug 21 /24th a high progression
However, He also indicates SPT 4th as another potential high
IMO, it should come after a setback this week after the Monday high
I had posted MONDAY as a day that SOARS, but needs to set back some first
Propens index DOES show a HIGHER day today.
AFTER TODAY"S high - IMO,
As I PREVIOUSLY mentioned - Aug 25th to 27th & 28th has potential to
SELL off more dramatically than we have seen for a while -
VENUS trine URANUS & Sun trine Pluto on SUNDAY
are pushing Monday higher in the afterglow
LAST year we had a SEPTEMBER Crash, right after the END OF AUGust.
the ACTUAL crash took place from Oct 1 to 10 - dow lost 2400 pts on close
It is QUITE logical from a LOW to HIGH perspective to expect
OCT10th to provide the REVERSE-- A PIVOT high from which a similar loss can occur
However FOR This AM, we are seeing the futures pushing higher at the open
power index agrees with propens for a higher day today
BUT
there is a 38%/13 day cycle at 10:12 and moon 90 Venus at 11am
which could pull price levels lower b4 running to a higher close
at or near dow 9700, depending on HOW low the above cycle gets;
We have seen MANY times, a rebound, off a lower open, thus matching
a previous high & dont forget, they still have the 39hours cycle to TOP again TOMRROW
morning at 9:45
Summary
AS I previously mentioned:
BY Monday's open they would be CHOMPING at the bit to BUY
and the futures are reflecting as the open is just shy of 1030 as Ravi indicated also
Ideally, I would like to see an abrieviated high this morning at 9:45
low at 11am & rebound into the close.
open higher tomrrow, then DECLINE THRU the OPEN on the 27th,
AFTER bouncing around & making the 28th a SHORT TERM buy at close.
1014 spx as per one of Ravi's comments could offer the LOD at 11am today
but dont count on it.
more later
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
17 comments:
very unusual activity w/ vix today...vix and market going up
pg
I have not covered btw, I've shorted more instead. I do not think we'll hit 1050 today...for now that is...still watching
pg
Thanks PG,
I really dont think they will get to 1050 either, but I had to cover that possibility
I think I will cover shorts IF they drop off 100 dow points to the spx level at 1015 intrday
and IF they do that, then the close could easily make it back to 1035
THE PERFECT short would then be Tomrrow AM at 9:45 TIME WISE
but we will see what price does at that time.
Thanks again
you do have a good day trading perspective
And to everyone else who contributes SOLID mkt analysis
remember that Sometimes LESS is more when making comments
in other words try to be brief
Jay
tza under 13.80 is a low risk buy and can be scaled to 13.50. Place your stop a little below 13.50 just in case the market remains irrational.
pg
They have POMO today and Wed. Any readings from COY
Thanks
Coy, what did you record
for the ARMS index Friday?
NYSE
adv/ declines & ratio
UP/Dn volume & ratio
one day arms ratio
thanks
Jay
We re in he process completing a five wave move fro 1021.80 low of Friday. Need to figure out where it fits into count from 978.51. That will determine the retrace.
We are also hitting the top of the wedge that I mentioned as very important.
The summary of my post was that 978.51 was either end of B or end of 4 of A.
In any case, the most important question is this: Is the current rise from 978.51, when done, is all of C (or 5 of A) or it is first wave of larger degree move. If the later, one would expect it after a second wave correction is over. The top of the important wedge around 1034 and rising should not break on such first wave, but only on a third wave, if their is one ahead.
That wedge top today was at 1034.05, we broke it by 0.90 points. That does not mean much. At 1018, the wedge, as then existed was broke by 7 points, but market backed off before the close.
Heres a chart with the rising wedge we could pull back the 950 area and still stay in the wedge but 1100 looks to top out could break out from there?
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=2&dy=0&i=p36945633721&a=154422239&r=532
Astro 8
Jay and Reza,
Friday's Arms Index 0.30
A slow and steady upward move today. Nothing exciting. A little dip after 13:15.
Coy
Waiting on VC signal. I will post
when I get it. Good luck everyone.
Vc signal is 50 percent short at qqqq
40.45
picked up some dug 15.12, dollar strength should imply weakness in energy...low risk on dug here imo loose stop
pg
i mean 15.15 btw
The market reacted well to that tap. Rather surprised me. I believe this run up will take us to market close tomorrow, at minimum.
Coy
The littler down tap at 14:57 might make a dent, the way things are going. We should go into the close going up.
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