----------------------------------open-------11:30amL----1:30pmL-----3pmH----4pmL We have 180 bars occurring at EITHER 4pm and or OPEN tomrrow
which makes it really hard to know if we will open lower or not
Since the energy culminates at 2am tonight on the Eclipse, we would guess that
tomrrow should open lower, then recover holding under resistence at 1150, for now
If they do open HIGHER, then 9:45 might be the HOD, and they get sluggish all day
but with one more attempt as shown above.
Monday
try try and try again till mid day
looses steam after noon and drops into the 19th at spx 1125 area
20th -21st recover and top out on 22nd
Yes WE are getting there -gg
Jay
14 comments:
isn't monday a holiday
good lay out Jay
Your graphs are excellent. Is it possible for you to add time on horizontaql axis? thanks
samamehta
Looks like thee futures are tanking hard. The TOP might just be in and the great bear has begun. Tomorrow will be a bull slaughter.
cappy
Cappy its just a stop running move for options ex games closed out
shorts and went long 1142.25
I think the index options prices are set at open tomorrow so they play games to make as many as they can expire worthless....
True, they might try to close it at 1140 for max pain on SPY. That would tie in with Pug's wave 2 of 5.
Jay: Monday is a holiday, so does that mean your forecast for Mon is shifted to Tues? 1/19 is also Flash's up turn date, so it would seem like Tues will see the beginnings of 3 up of 5, provided we get wave 2 down today, with a target of 1140 or lower.
Jay, with reference to ur Jan 15th Chart.
Did u mean to say 11.30am High?
10 point Gap-down. Ouch.
xx
Jay looks like the eclipse was the high of the night when we went up and hit the trendline at 1146 and dropped back to 1138.75 at 0710 now recovering....looks like they want to open around 1141 ish to kill the calls on the index funds at open...your chart seems right on for the day!
Running out of time for Flashfusion hole. Today would mark the 21 hour cycle low and the hole if there is any deep hole. Otherwise Monday is a holiday and the 22nd is upon us fast. So if the rally into 22nd is on , I can't see the Jan12 pivot broken.
jon
jon
If we break jan12 lows then jan22 will be a low, not a high.... period.
bob
YEs, Mkt is closed for MLK day
Excellent comments - thanks
Samamehta- Cant add time to horizontal, but Im doint my best to guess at highs and lows using my work with hourly and bar cycles
ITS NOT EASY to make the time slots COME OUT where I really want them as I have to go back and EDIT a couple times just to get close to what I want
jon, 21 hour - 258 bars by my count hits at 4pm today, which is 78 bars after today's open at 180 bars, thus the lower open and possible lower close.
1136 might just be the pivot, but there is more weakness due on Tuesday.
Tuesday could open lower on 258 bars which as above hits at EITHER 4pm today or open on Tuesday.
Since 258 bars is NOT a FIXED cycle, we might expect 90 bars
on WEd to open the day lower before recovering.
20-21 are high energy days topping on the 22nd
Jay
See new chart of Jan 15
Jay
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