outlining present trend and what to expect next.
Click to enlarge
Stay Tuned for Further updates
Jay
1447 was the TREND CHANGE, so we cant expect the mkt to rocket higher until that trend move is complete
as well as the wave as we've shown it on previous messages.
Todays read indicates STABLE & favorable afternoon
2mrw indicates uncertain
Fri- FINANCIAL WOES INTENSIFY
which all seems to suggest not much will happen till FRIDAY
NOTHING rules out continued weakness 2day & 2mrw, but the CLIMAX appears setup for Friday
TO get an ARMS over 2.50 with STRONG downside volume, we might consider expecting a 40 pts spx loss = about 300 dowpts
Also
Ive mentioned this before, but not lately, as it has not been significant
THE SPX tends to move in 40 pts segments
from June4th to Spt 14= 209 pts which is = to 5 x 40=200 + 9 overthrow
1475- 40 = 1435 and holding just above that for now
1475- 80 = 1395, the SPT 4th LOW
which also matches well with the FIBO DATA from the previous reports
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