Monday, May 31, 2010

June 1st EKG potential



8am UPDATE
Futures at 7am NOW indicate a STRONG DOWN open
Any drop off end of day, IMO, looks moderate and insignificant

Jay

As of 7 PM Monday NITE

this is Tomrrow's Possible market action

10:42 am = 38.2%/13day cycle pivot
combined with
10:30 @ 30bars gives it a stronger definition
Plus
26 hrs from May 25th at 10am

the daily reading calls for a SMOOTH & friendly day

As previously projected, we should see a moderately positive day
which MIGHT NOT back off at all until Later afternoon on June2nd

Leading to a possible DEEP hit on June3rd OPEN as previously described
but will elaborate more later

Jay
at

5 comments:

  1. samamehta10:13 PM

    Reza,
    my email samamehta@gmail.com

    thanks

    ReplyDelete
  2. San12:11 AM

    USD VS SWISS FRANC BULLISH CONTINUATION PATTERN

    http://niftychartsandpatterns.blogspot.com/2010/05/us-dollar-vs-swiss-franc-bullish.html

    Thank you

    ReplyDelete
  3. San4:01 AM

    EURO VS USD MIGHT GET A BOUNCE FROM 1215000 AREA

    http://niftychartsandpatterns.blogspot.com/2010/06/euro-vs-usd-may-get-bounce-from-1215000.html

    ReplyDelete
  4. rrman5:06 AM

    yep bouncing now will run up until 8am then back down until 2pm central then we start our 4 or 5 day up channel

    ReplyDelete
  5. Jay Strauss6:23 PM

    That LATE drop is MORE than
    SIGNIFICANT

    IT NOw sets the STAGE for Thsday SHARPLY lower open After Wed poor performance once again

    The MODERATE upside expectation COULD NOT HOLD

    Jay

    ReplyDelete