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| May26th at 8:30am |
THE ABOVE market graph fist extremely well with the premise for an
ELLIOTT FLAT formation ending TODAY at the 1300 level +or- 5 pts
THE NECKLINE of the INVERSE H&D has a BASE at 1295
THE Elliott formation shown above leaves the DOOR open for
ONE MORE "c" leading to whats labelled as "A" above
EKG confirms such should occur today which agrees with the POWER DATA graph
Yesterday's late sell off indicated today would be lower at least for the morning
Impact stream above is showing lower energy, verses yesterday's slow climb
Activity index gained yesterday very little and today so far is at a low ebb of 66
Technically, some have indicated we should see SPX 1306, and some are projecting as low as 1295, but
that has to be the floorm which may or may not get hit, but if it doesm Im not waiting for anything lower.
38%/13 day cycles is at 10:42am, and MIGHT provide the pivot low
Neg energy at 1:35pm
FUTURES not indicating a PLUNGE at open, so it could take some time to unwind.
Today is a Bradley date, and from all the above data, we must project it as a pivot LOW
Cycle convergence from FEB18th HIGH also seems as an obvious low today
Wave count indicates today making the 5th wave, or "C" wave of the 4th wave from the Mar9th,09, low
which OPEN the DOOR to wave 5 of 5 of 5 ending early August imo.
More Later
Jay
13 comments:
From all the info that has been dispersed from this site,we can readily see why making a FINAL LOW
has been such a STRUGGLE
A 5th wave about to begin should get a nice start and June1st has potential to show just how real this 5th wave is.
Once the low is out of the way, time will take over and begin the new leg up
J
SORRY
NO CRASH TALK UNTIL LATE AUGUST
sorry IF this doesnt meet with your trading ideas, and is NOT exciting.
BUT thats the way it is
Jay
Jay
Your read is simply awesome!!
Thank you.
SPX at 1307 has not been met at 10:42
the next time slot is 1:30
energy negative
150bars
Wave v still progressing
Looks like wave i got to 1314
now in wave ii to 1319 in progress
waiting for wave iii
1319-11 = 1309
11X 1.618 =18
1319- 18 = 1301, maybe
Jay
TODAYS READING
TESTS YOUR PATIENCE
boy they got that right
also
Adjust finances in tune with changing conditions
Im watching minute x minute today
Jay
11am not there yet
NOW expect low at 1;35pm
Jay
I think they're going to do their best to get us back to flat and even green. No it's not because of any strong economic news...it's simply because they "want to".
Frankly we should be large scale short. Of course if we were, they'd rally us to 13K just to clear us out.
Jay,
Kudos for your work. It's increasingly intriguing.
Many thanks,
Sean
DRAGGING IT OUT
Still need to make a (iii)rd wave low under 1310
Either 1:35pm today
or 10am tomrrow
then Fri= Float wave (iv)
Tues has an abundance of Neg energy
Look at the graphs on the right on the main page- Alphie, Jaywiz & Spiral all point to the 31st
May= in like Lion- Out like Lamb
Jay
cant RUSH the MKt
they have their own schedule
at 1pm weve got what looks like
wave (i) to 1314 @ 11am
wave (ii) to 1323 @ 1pm
Remember DAILY TURNS
11am - 1pm & 3 pm
STILL GOT A DESTINY with 1299 to 1306 before the next impulse starting Late on 31st and more so on June1st.
Jay
78.6% at 1324 RIGHT NOW at 1pm
39 hours - 180bars at 10am
and Neg energy at 10:40am
Bad news on open today wasnt that bad, but if tomrrow's 8:30 am comes in bad which is what it looks like , we should see a wv (iii)low set at that time
ITS NOT HAPPENING TODAY
but its getting set up for it
Jay
WTF
1346 - 1312 = 34 pts
17 + 1312 = 1329 right there nOW
50% retracement at 2:30
wave (iv)
Wave (v) has not even started yet
Jay
Jay,
Your prelim. read is really helpful to prepare next day's direction, could you post more often? Thanks.
You did spot on today's morning dip. Really incredible job.
are we expecting a downside from here? Thanks for your great work!
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