Theres only ONE MORE move left for the bullish side of WAVE P2ITS called an OUTSIDE DAY or REVERSAL
we need an INTRADAY RALLY move higher today to 1053
FOLLOWED by a collapse to a lower level
breaking under the 4th wave of lesser degree.
POWER INDEX shows such is LIKELY TODAY
with a RUN UP to 600, & subsequent drop
to 425 later today
It also depicts a low of 300 on the 17th & 18th
__________________________________________
Ravi said...As mentioned earlier around the close,
we most likely finished a iii of (v) from 991.71 low.
Most likely scenario tomorrow is that we correct in a iv
early AM towards 1046.41 (38.2% of iii and low of lower degree fourth)
and then move up to complete v of (v) from 991.71 towards 1052-1053 area.
______________________________________________-
in addition to all the above
According to astro transits & readings, the end move should come today
more later
Jay
FRom the WALL ST Weather
ReplyDeleteUnlike the prior two Saturn/Uranus oppositions, the Sun (Thursday) and Friday’s Virgo New Moon intensify these energies. The Virgo New Moon raises new questions and brings evaluations of old issues. Virgo is ruled by Mercury which retrogrades back into Virgo late Thursday until October 9. (Mercury was previously in Virgo August 2-25). Prior to Mercury’s shift Thursday, Mercury in Libra will once again challenge Pluto (previous time was August 26). Secret information could be revealed, potential for currency and other types of market manipulation, and potential geopolitical sabre-rattling.
To top things off this week, Venus (money/banks) in Leo (stock market) will oppose Neptune (euphoria/panic) in Uranus-ruled Aquarius (unexpectedly sharp and sudden moves). Adding to the potential volatility and choppy trading will be Friday’s quadruple options expiration that can create added volatility a couple days beforehand.
Jay
Looks like iii of (v) may be extending. The top of the wedge is 1059.01 today
ReplyDeleteThe cash mananged to open lower and to a small 26% retrace of iii to put a shallow iv in place. So, we may not have an extension.
ReplyDeleteRavi
ReplyDelete156 bars hit at open for a small loss to 1046.93, but the mkt then moved higher to 1051.80, a new 2009 high,NOW at 1047.47; thus it would appear an outside day might be in the making.
Jay
SUN # Uranus at 9:53am = CHANGE
What happened to PG, Coy and others
ReplyDeletethe move down from the hi does not look impulsive. initial drop was sharp, but counts best as a 5-3-3 a,b,c.
ReplyDeleteon 15 mts bar chart, as opposed to one minute barchart; one can count this as impulse i down followed by a,b, c up for ii.
ReplyDeleteReza,
ReplyDeleteThey all left because EW does not work real time. Always an alt. count.
Trade with the trend rather than guess.
Victor, Are u still QQQQ. Please post.
ReplyDeleteThanks
Reza,
ReplyDeleteAs per previous posts the VC system
closes trades on Friday. No positions
over the weekend. It was a break-even
trade. On Monday at 10:00 it went Long QQQQ 100 percent @41.38. Stop
is now 41.48 and rising
Mortie's ES targets are 1047, 1052, 1064 for the v. He is guessing the top range but will bail out of long at any of these levels. A major down is coming.
ReplyDeleteThis could be the top or the next level is 1056-57, or 1068
ReplyDeleteEnding diagonal from low today??
ReplyDeletejay september 23rd is not far off the vernal equinox by memory??
ReplyDeleteForget ED from today's low. fifth got bigger than third.
ReplyDeleteBut, step back and bigger ending fifth from (iv) low works and there is still some room on the upside if needed
i 1027.65 1047.82 20.17
ii 1047.82 1035 -12.82 -63.6% of i
iii 1035.00 1051.80 16.8 83.3% of i
iv 1051.80 1043.42 -8.38 65.4% of ii
v 1043.42 1053.60 10.18 60.6% of iii
yet again what im looking at,odds favour a close near or at highs again...
ReplyDeleteFor last ED to remain valid, we can not exceed 1060.22.
ReplyDeleteAlso, top of wedge is at 1059.01 today.
after8
ReplyDeletei do not agree. we are close to getting done with the ED
Hadik target has been reached
ReplyDeleteSPT 15th at 9700
Jay
calling top
ReplyDeletejay how is the power index and activity levelnow?
ReplyDeleteI went short at 1053
sam
ReplyDeletepower index is down from earlier
high of 275
NOW at 175 @ 2:15pm
propens index turns lower from intraday highs but shows a rise at open tomrrow also-
however it should come from a lower level
The biggest declines as already posted should come on 17th & 18th
this week, and next week on 23rd & 25th.
25th should be a BUY at close and expect huge rebound to oct2nd & 10th.
If it wasnt for the events of 9/11/2001, the mkt would have dropped anyway into the CYCLE low of SPT 21st.
THIS year that low is = to Spt 25th.
Jay
Thanks jay. got stopped out. will wait for tomorrow's top
ReplyDeleteback to the drawing board ..new hi
ReplyDeleteED still valid to 1060.01
ReplyDeleteThey won't let it come down!!
ReplyDeleteBears are screwed.
It will stay up this whole week.
klm
Big GAP UP tomorrow?
ReplyDeletecarl
now this is looking more promising for a top.
ReplyDeleteI rushed. Here is the right ED from 1035, the iv bottom
ReplyDeletei 1035.00 1051.80 16.80
ii 1051.80 1043.42 -8.38 -49.9% of i
iii 1043.42 1054.36 10.94 65.1% of i
iv 1054.36 1051.01 -3.35 40.0% of ii
v 1051.01 1056.04 5.03 46.0% of iii
IF this is right, we should open with a gap DOWN. Shorts should have stop loss above 1056.04.
I hate gap downs we always go back and fill em after open..
ReplyDeleteI agree.
ReplyDeleteIt seems that when market opens higher, it doesn't fill the gap, it just goes relentlessly up.
Well, one of these days, it's going to be different.
Hopefully we will be ready for the opportunity.
@jaywiz10534 SIMON has a bearish rev. at SPX 1052 & we R tickling the DOW 9700 ceiling; be warned for a pullback
ReplyDeleteabout 1 hour ago from web in reply to jaywiz10534
FLASH HAD EARLIER PROJECTED A RANGE OF 9700-8400 FOR END OF SEPTEMBER?
I shorted AH ES z 1046. no stop loss.
ReplyDeletesam
Stock markets should trade in no trading zone, so we don't recommend any new investment as we are predicting around 50 fall in all major markets from late Tuesday so prepare trade for that. Take a put options because you lock your risk. This fall may start from any time from 17 September, but from 29 September chances of fall in all markets is 1000% sure.
ReplyDeleteMAHENDRA
Reza,
ReplyDeleteFYI, VC closed 50 percent long on
qqqq at 41.80 at the close.
Still long 50 percent from 41.38
One cent qqqq = 25 spx cents.
FLASH twitter
ReplyDelete9700 hits
NOW Reversal
16th & 17th
78.6%/13 day cycle low on 18th at 11:55
BULLS LOVING TODAY
IF 8 day high today
then tomrrow is 8 day TURN
Jay