Market Timing-Whats Next -June 23rd - Closing Report

 

Tomorrow's anticipated rebound looks DONE in an ABC to 1284 the 

+21 fibo level off the 11am low at 1263- today's EKG as published does 

not warrant an applause. The extension does show such but not published.

June23@ 8:25am

I had to copy & paste again making the EKG look a little funky

Today's open appears locked no matter what the JOBS data reports at 8:30am

and as suspected the Jobs report is weak thus enhancing the down push.

Previously discussed was spx @ 1270 as a neccessary low point tht shows the mkt has NO intention of attempting to

make another run on 1300--

**********THAT SHIP HAS SAILED********

BUT we are still considering 30bars within the first 5-10 minutes at OPEN to set a low from which they can rebound to

noon at the latest in a possible wave ii of [i] of 5 of [1]

what that means is JUST what was projected in the last few days and weeks- A DECLINE To at least 1240.

If that does occur by Monday, then the actual ending low of [1] might just break under 1200 by July 1st.

30b@ open

60b @ 11am

13day @ 11am

90b@ 2;30pm

The cycle convergence at 11am could set a pivot 

into a noon high as previously projected

HOW HIGH ?-  IMV,  NOT VERY MUCH

I rally hope many of YOU are reading the OLDER publishing's in order to keep abreast with the current one.

And as mentioned b4, this blogger would like to see participation , but there was a great deal of annoying interference from what seems to have been a very JEALOUS

commentator and thus I had to cut off that distraction in order to concentrate on more important matters

As you can see, it clearly  has been much better- SO DONT JUST KICK THE TIRES - look around and show me you really care about learning more about my methods,& continuing this blog as well.

More later

Jay