At 2:30PM the IMPACT Stream seems to indicate the days highs will not survive. |
EKG shows a weaker open, and the IMPACT stream shows WHY as SPX futures are set for a lower open today-
156BARS looked like it hit just prior to close yesterday as the mkt bounced off a low right near close, but now we see that it is most likely going to occur at open
180bars @ 11:30am
228Bars at 3:30pm
Activity index is also at a low ebb and has been at 100 all night
There is some mild positive energy this afternoon which might mitigate the day's market wekaness
Strong high energy this weekend could be supporting markets for now
Next week's lack of strength should be more apparent as a turn is due on the 17th, a Bradley date
and there is a strong neg energy effect on the 18th. I had been considering the 17th as the first TURN LOWER, but Im altering that view and as of Monday, we might just see the FIRST real opp to get short thru FRIDAY's neg energy.
More Later
Jay 8:55am Feb 11th
I would like to type this under the SPX chart, but the system wont let me
4pm REPORT
I reviewed the EKG from JAN 1st and we are NOW at 81.5% accuracy -
and the ones that missed were only partially incorrect except for one last week on the 8th.
2;30pm-HOORAY for EGYPT - A step head in the right direction -- Market HIGH right at 11am
Jay
3 comments:
So ... the bear go back to hibernation. All rosey out there, with the FED rescuing any pull back.
rrman - any thoughts in UNG??? she is going downhill since it was mentioned.
i have just done my homework...
the first possibility
we top on monday, expect 1333.60 (or so)
the second possibility
we reach 1333 on monday, sell off from there. then another rally begins that will end somewhere next week. it will be a zig zag, and in that case we could reach 1342 or so
take care
cementzak
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