Market Timing
11;30 DID BRING IN A PIVOTNow Im watching for 3pm, and or 1301 to possibly get shortOnce 1286 get broken, the next level should be 1275and WEd has potential to get there.Jay
SOme people have projections of this upleg to as high as 1311.thats the level of WAVE 1 on May 25th, and the spx could attempt to fail near that as anything over would be violating Elliott rules.however, at a lower degree, we can use 1345 on May31 to 1285 yestdaywas 60 pts60x 50%= 30 + 1285 = 131560 x 38% = 23 + 1285 = 130838% more typically is found retracing in a down trend such as this till June24thBB speaks starting at 3pm- might give them a goose to get over 1300from 1285abc to 1295 [a]x to 1291 [b] abc to 1300-1308 [c]that looks like wv [iv] of 3wv [v] of 3 to 10th and or 13thwv 4 to 20thwv 5 to 24thsame as is shown on the monthly graph without labelsif wave 5 = wave 1 of 58 ptsthen we might think about 1308 - 58 pts = 1250we got to 1250 another way the other day, so we have 2 math methods seem to target that levelJay
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11;30 DID BRING IN A PIVOT
Now Im watching for 3pm, and or 1301 to possibly get short
Once 1286 get broken, the next level should be 1275
and WEd has potential to get there.
Jay
SOme people have projections of this upleg to as high as 1311.
thats the level of WAVE 1 on May 25th, and the spx could attempt to fail near that as anything over would be violating Elliott rules.
however, at a lower degree, we can use 1345 on May31 to 1285 yestday
was 60 pts
60x 50%= 30 + 1285 = 1315
60 x 38% = 23 + 1285 = 1308
38% more typically is found retracing in a down trend such as this till June24th
BB speaks starting at 3pm- might give them a goose to get over 1300
from 1285
abc to 1295 [a]
x to 1291 [b]
abc to 1300-1308 [c]
that looks like wv [iv] of 3
wv [v] of 3 to 10th and or 13th
wv 4 to 20th
wv 5 to 24th
same as is shown on the monthly graph without labels
if wave 5 = wave 1 of 58 pts
then we might think about 1308 - 58 pts = 1250
we got to 1250 another way the other day, so we have 2 math methods seem to target that level
Jay
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