The above graph is from A PART OF NY blog and public chartsConsidering an open at 1100-1102 tops this wave UP from the May25th low
which looks like an A B C
IMO, IF the next 3 days heads lower into June7th , and or June9th
I will be considering a BUY on the 9th heading into MY Anticipated HIGH
on JUNE 17th
If today marks a wave iv within 5 waves to June7th low
still remains open for discussion until it does or does not occur.
PS,
MY MATH models showing potential for spx 1009 as a low IS NOT A PREDICTION
JUST FIBO MATH
Jay
ONE MORE attempt to break higher TOMRROW AM, but from there, It looks LOWER into
ReplyDeleteJune 9th & or 11th
June 2nd bradley provided an early dip and rally
Next one is June10th
How will that work out?
Next week looks like
7th DOWN
8th Up
9th down
10th UP
11th DOWN start with improvement during the day
Im looking for a BULLISH BUY
IT would APPEAR at this moment
that Friday at 10am will most likely be that OPP
Jay
Dow jones rising wedge and triangle
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-rising-wedge-and-triangle.html
Jay - which Friday - tomm or next week - am assuming you mean next week ...
ReplyDeleteRman - can you share what you are seeing for tomm and next week ... still june 7th as a top ?
ReplyDeleteHey RRMAN read my response to your post on other thread with wave count..
ReplyDeleteWhat is your basis for calling 7th June as peak?
You perhaps mean to say a reversal?
Jay,
ReplyDeleteBased on today's closing, I think you are right about buying the dip around on June 9 at 1008.
Abdullah,
ReplyDeleteBP - GS is short, WFC is long. U play with it.
Reza, I will check on that ... BP is short, that is a suicide IMO.
ReplyDeleteReza
ReplyDeleteTypically the 5th wave should settle
back to CLOSE at least at 1040, and or break lower to 1025, and or 1009
The LOWER values gives the TECh internals great strength to rebound back to at least 1120 by June17th
Jay
SP 500 Analysis after closing bell on 3rd june
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/06/sp-500-analysis-after-closing-bell-on.html
The move for the next 1-2 weeks is all about SPX 1110. If it becomes support up into OPEX and most likely more up into month/quarter end.
ReplyDeleteIf 1110 becomes resistance down into early OPEX to about 1040 and then up into Month end.
You ALL must understand
ReplyDeletewhen I make a projection
it does NOT come off the top of my head or just a guess
ITS based on the FLOW of ENERGY
as they occur during the month
Jay
NOTICE
ReplyDeleteI got JUNE 3rd power index rebound
from a LOW-
Granted
MISSED it by ONE DAY
IT happened on the 2nd
Thats an error based on the POWER INDEX GRID-- NOT MY WORK-
Maybe I should have caught it sooner, but when I get the grid, its very hard for me to DISAGREE WITH IT
HOWEVER< I will NOW be looking more often for ANOMALIES as I compare that power grid to OTHER data
Jay