 they LEFT just ENUF ROOM FOR WAVE # 5 on TUES AM to get to 1162 at open  | |
| SPT 2nd @ 8:35am |
FUTURES ARE NOW AT 1183at 8:45am
HOW LOW IS LOW ?? --I guess we will have to let the mkt tell us that.
BUT we can use fibo to get some idea of what we can expect
from 1121 low to 1230 high 109 pts
50% = 55 pts to 1175
62%=67 pts to 1163
78% = 1145
THE PREVIOUS SETBACk on Aug 18th took out 53 pts that day
would get the spx to 1151
IF we are watching for WAVE EQUALITY, that might be today's target
OK, NOW YOU WANT TO KNOW WHEN today, right ?
Here's 2 possibilities
90-bars at 12:30
126 bars at 3:30
AND WHAT HAPPENS NEXT ? CRASH & BURN ? OR REBOUND ?
VPN's have the answer - so- JOIN this wkend and get the full report
MORE LATER
Jay
ALSO
ReplyDeleteJAYWIZ HAD PROJECTED
GOLD
to 1866 on or b4 SPT 2nd
and HERE WE ARE above that to 1880
Which would indicate one more attempt at 1900
IF NOT TODAY, then Tuesday OPEN might provide that PIVOT HIGH
THE NEXT TIME GOLD DROPS
IT COULD be much more substantial
than the last drop of $200
Jay
OTHER PIVOTS TODAY
ReplyDelete60B @ 10am & 13 hours
TYPICALLY on days like this
similar to Aug 18th the INITIAL
LOW could occur at 10am
rebound some, then make a lower low
later in the day from about noon to 3pm
Jay