1424 is at a 62% retrace -thus offers strong resistance.
Next week looks like it might widen that range somewhat to 1380/1375 on December 12th.
From Dec 13th to Dec 21st/24th we should see a strong rally reaching to possibly 1433 and or higher, MAYBE to 1447 Maximum at 78% retrace.
The SELL SIGNAL on Nov 23th did NOT produce a major decline, but from 1409, the spx did drop to 1385 on Nov 28th on the Full Moon Eclipse, and IF YOU WERE A VPN Member, then you would have caught that turn with the others.
SOME people who LURK here, expect the market to FOLLOW EVERY projection,
but REAL life isn't that neat. Otherwise they say YOUR WAY OFF !!
Thats ONE BIG REASON why I hate to quote price expectations-
***YOU can be RIGHT AND WRONG all at the same time.***
Here is a GRAPH with Current projections and potential wave labels-
**Remember that DIRECTION COUNTS MORE THAN MAGNITUDE**
DONT MISS the PIVOTS at the top or botttoms
JOIN The JAYWIZ VPN and get ONE WEEK AHEAD -
Look back at the POWER DATA and DAILY EKG projections- Those resources give us a clear picture of whats next- ITS THEN UP TO YOUR technical prowess to fill in the details such as the graph below , showing possible turns & price levels.
Stay Tuned for Further Updates
Jay
1 comment:
THE BEST DOWNSIDE DAY THIS WEEK LOOKS LIKE WEDNESDAY , followed by a one day rally on Thsday.
THEN
From the 7th to the 12th should be BIASED LOWER.
THE 13th to 21st should be quite strong as shown on the graph
Jay
Catch the TURNS and NOT worry about how high or low afterward.
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