JULY 20th EKG

Mark
to answer your question & observation YES
but this NEW graph above is from another source which also shows
an ALMOST near duplicate of yesterday's EKG

EXPECT today to END at or near 4pm at LOWS

Some one suggested spx 1030 to 1045, and It would seem right given a rebound due the next day which also concurs with the reading that calls for a marked improvment over night TONIGHT

Jay

IT would APPEAR that Monday & Tuesday FLIPPED places on the power graph

Friday's PC ratios were 80% bullish
Monday's PC ratios were 90% BEARISH

Power data comes from multiple sources and It requires some additional structuring
on my part, which I skew based on energy, cycles etc, so occasionally,
I WILL get such a mix up

Whats that mean for today?
Good question since we DID get an extension of the LATE selling from Monday

then we need to ask, was the low at 9:45 to be considered the LOD?
OR does the 39 HOUR cycle offer a REBOUND HIGH off the open low
at 10:30 to 11am.

Enter other cycles
13 day at 11am can be extended
same goes for 90bars @ 11am
we'll see in about 10 minutes

bars today
90b @ 11am
120b @ 1:30pm
150b@ 4pm

IF 4pm DOES PROVIDE the LOD today, then EXPECT the MKT to EXPLODE higher
tomrrow and higher still on OPEN on Thsday = 26 hrs cycle at 10am

One thing the POWER graph does seem to confirm, but not published yet, is a 55 week
275 tr days LOW on the 26th as well as a 4 tr day cycle all at 4pm

NOTE: Charts Edge this week agrees with my outlook, especially if we flip Mon & Tues

more later
Jay