Looking at the charts this morning I could see the SPX going down to the 1927 area before reversing later in the day and going back up. I still see that falling trendline being hit around 1960 before we rollover for a bigger wave down to trade.
I would take a small long if we did get down to the 1927 area but otherwise I’ll stay in cash and wait for the 1960 area to short at. It’s still unknown about the move down for the 1960 area as to what wave count it will be? It still could be take larger wave 3 down I was taking about? However I don’t see a wave 4 and 5 after that so even if it happens it will be relabeled as a C wave.
Regardless of the label it should still take out the current low of 1905 SPX. If however the move down just makes a higher low then the next wave up should be a powerful one that will most likely take us to a new high.
But either way the count ends up the wave down from that 1960 area hit of the downward sloping trendline looks to be a great short. Even the shorter wave down scenario should take us to 1925-1930 area, with the other scenario us to 1860-1880 area.
This move up is quite strong and could go all the wave to the downward sloping trendline in a chart I posted last week (around 1960 SPX) http://screencast.com/t/KmxoyTZLg
In that chart I was looking for an ABC move up (in Blue) for a wave 2 up (in orange). We are still in the first Blue arrow up and haven’t even started the short (2nd) Blue arrow down yet (the B wave inside the larger 2 wave up).
Therefore we could go all the way up to that 1960 area just for the A wave. It should still happen on Tuesday morning as I previously guessed it would… but the move down for the B wave will likely trick a lot of bears into thinking it’s the big wave 3 down (in orange) that they’ve been waiting for.
Of course they will be squeezed hard with will make the C wave up start. This C wave should be 1.618% of the A wave and that could be a problem if this A wave hits 1960 on Tuesday and ends up being around 55 points in length. Why? Because 55 points times 1.618% equals 89 points projected for the C wave up.
If this B wave down only hits say 50% of the A wave up then it should bottom around 1930-1935 SPX and when you add 89 points on top of that you get a new high above 1991. This implies the wave 3 down isn’t happening and that all we had from the 1991 high to the 1905 low was a larger wave 4 down with wave 5 up yet to come.
This also suggests that the move up from 1905 will be a 5 wave pattern and not a 3 wave pattern. So it won’t be an ABC but will be instead a 1-5 move, and if so we are only in the first wave 1 up not and A up.
Therefore we’ll see a wave 2 down Tuesday from the 1960 area followed by a wave 3 up to new highs. Then a wave 4 down to probably retest 1991 (would then be support) and a wave 5 up to another higher high.
And it is being reported that Kevin LOVE #42 will be traded to the LeBron Cavaliers. The King will be taking his old #23 in his return to his hometown. The Miami Thrice have been dissolved with the King’s abdication.
Don’t have time to do links for some Depeche Mode videos but for the intrepid few, it might be wise to take a look at the Strangelove and Halo videos. The ’88 US version of STRangeLOVE. Halo then might clear up some of the meanings of STRlove particularly the orbital lines around the rotating globe. Which I supposed are HALOs?????
Tomorrow might be the dawning of the age of Aquarius that they have been talking about for so long, at least since the summer of ’69 and before. Full moon in Aquarius forming a T-square with the Sun and Saturn and not too far off from forming a T square to Mars-Jupiter. Jupiter will supposedly be combust free today as well moving far enough away from the sun’s glare to be seen in the heavens and thus “ascending”?
It looks like we’re surviving another 69 year anniversary today so far, an event that they put in the Wolverine movie from last year. (There was another pre-ritual 45 years ago). So, so far so good on the 69 year anniversaries of 8(6,9) and the other one from the summer of ’69.
JOIN ILLUMINATI CHOICE TODAY TO MEET YOUR DEMAND AND DESIRE WEALTH Are you a STUDENT, DANCER, UPCOMING ARTIST, POLITICIAN, BUSINESSMAN OR WOMAN, WANT TO BE A STAR, WORKER OR JOBLESS Do you desire wealth famous, influence Power and protection are you been passing through difficulties in life, you have a full access to eradicate poverty away and become a full Multi Millionaires by joining the Great illuminati world and experience the changes in life different.for more information contact:illuminati.ordermembership@hotmail.com, FOR A BETTER LIFE.
It’s still unclear on the coming bounce high but I’m just not seeing 1960-1970 at this point. When the bull market was roaring it was common to see a wave 1 down followed by a wave 2 up that retraced either 61.8% of the move or even 78.6%… but I strongly believe the bull market run is over with now.
That implies that the wave 2 bounces won’t be a high and should be either 23.6%, 38.2% or possibly 50%, as they are now met with overhead downward pressure. If we only do a 23.6% move up then that level is around 1925 SPX. If it’s a 38.2% move then 1937-1938 is likely. And a 50% move up would be around 1958 SPX.
I don’t think we’ll get any higher then 50% so there no point mentioning the levels above there. If I had to place odds I’d give 38.2% the highest odds (50% chance), then next would be the 50% level (30% chance) and finally the 28.6% level (20% chance).
On the 60 minute chart there is a gap that could be filled from Monday the 4th at 1938.99 with Tuesday opening at 1935.17 SPX. If we do the 38.2% move up that gap should be filled. Odds are good that we’ll close green today and then rally on Monday of next week with a peak on Tuesday morning… where I’d look to get short if this plays out as expected?
A decline is certainly looking likely in the days ahead – it will be interesting if we reach the 1955-60 level, fall short or overshoot!
SPX quick 5 minute video update: http://screencast.com/t/6bxuKWRcASKL
Looking at the charts this morning I could see the SPX going down to the 1927 area before reversing later in the day and going back up. I still see that falling trendline being hit around 1960 before we rollover for a bigger wave down to trade.
I would take a small long if we did get down to the 1927 area but otherwise I’ll stay in cash and wait for the 1960 area to short at. It’s still unknown about the move down for the 1960 area as to what wave count it will be? It still could be take larger wave 3 down I was taking about? However I don’t see a wave 4 and 5 after that so even if it happens it will be relabeled as a C wave.
Regardless of the label it should still take out the current low of 1905 SPX. If however the move down just makes a higher low then the next wave up should be a powerful one that will most likely take us to a new high.
But either way the count ends up the wave down from that 1960 area hit of the downward sloping trendline looks to be a great short. Even the shorter wave down scenario should take us to 1925-1930 area, with the other scenario us to 1860-1880 area.
This move up is quite strong and could go all the wave to the downward sloping trendline in a chart I posted last week (around 1960 SPX) http://screencast.com/t/KmxoyTZLg
In that chart I was looking for an ABC move up (in Blue) for a wave 2 up (in orange). We are still in the first Blue arrow up and haven’t even started the short (2nd) Blue arrow down yet (the B wave inside the larger 2 wave up).
Therefore we could go all the way up to that 1960 area just for the A wave. It should still happen on Tuesday morning as I previously guessed it would… but the move down for the B wave will likely trick a lot of bears into thinking it’s the big wave 3 down (in orange) that they’ve been waiting for.
Of course they will be squeezed hard with will make the C wave up start. This C wave should be 1.618% of the A wave and that could be a problem if this A wave hits 1960 on Tuesday and ends up being around 55 points in length. Why? Because 55 points times 1.618% equals 89 points projected for the C wave up.
If this B wave down only hits say 50% of the A wave up then it should bottom around 1930-1935 SPX and when you add 89 points on top of that you get a new high above 1991. This implies the wave 3 down isn’t happening and that all we had from the 1991 high to the 1905 low was a larger wave 4 down with wave 5 up yet to come.
This also suggests that the move up from 1905 will be a 5 wave pattern and not a 3 wave pattern. So it won’t be an ABC but will be instead a 1-5 move, and if so we are only in the first wave 1 up not and A up.
Therefore we’ll see a wave 2 down Tuesday from the 1960 area followed by a wave 3 up to new highs. Then a wave 4 down to probably retest 1991 (would then be support) and a wave 5 up to another higher high.
Once again the bear move is short lived…
Happy Birthday to me…
http://reddragonleo.com/wp-content/uploads/RedDragon-50yearsold.jpg
And it is being reported that Kevin LOVE #42 will be traded to the LeBron Cavaliers. The King will be taking his old #23 in his return to his hometown. The Miami Thrice have been dissolved with the King’s abdication.
Don’t have time to do links for some Depeche Mode videos but for the intrepid few, it might be wise to take a look at the Strangelove and Halo videos. The ’88 US version of STRangeLOVE. Halo then might clear up some of the meanings of STRlove particularly the orbital lines around the rotating globe. Which I supposed are HALOs?????
Tomorrow might be the dawning of the age of Aquarius that they have been talking about for so long, at least since the summer of ’69 and before. Full moon in Aquarius forming a T-square with the Sun and Saturn and not too far off from forming a T square to Mars-Jupiter. Jupiter will supposedly be combust free today as well moving far enough away from the sun’s glare to be seen in the heavens and thus “ascending”?
It looks like we’re surviving another 69 year anniversary today so far, an event that they put in the Wolverine movie from last year. (There was another pre-ritual 45 years ago). So, so far so good on the 69 year anniversaries of 8(6,9) and the other one from the summer of ’69.
JOIN ILLUMINATI CHOICE TODAY TO MEET YOUR DEMAND AND DESIRE WEALTH Are you a STUDENT, DANCER, UPCOMING ARTIST, POLITICIAN, BUSINESSMAN OR WOMAN, WANT TO BE A STAR, WORKER OR JOBLESS Do you desire wealth famous, influence Power and protection are you been passing through difficulties in life, you have a full access to eradicate poverty away and become a full Multi Millionaires by joining the Great illuminati world and experience the changes in life different.for more information contact:illuminati.ordermembership@hotmail.com, FOR A BETTER LIFE.
It’s still unclear on the coming bounce high but I’m just not seeing 1960-1970 at this point. When the bull market was roaring it was common to see a wave 1 down followed by a wave 2 up that retraced either 61.8% of the move or even 78.6%… but I strongly believe the bull market run is over with now.
That implies that the wave 2 bounces won’t be a high and should be either 23.6%, 38.2% or possibly 50%, as they are now met with overhead downward pressure. If we only do a 23.6% move up then that level is around 1925 SPX. If it’s a 38.2% move then 1937-1938 is likely. And a 50% move up would be around 1958 SPX.
I don’t think we’ll get any higher then 50% so there no point mentioning the levels above there. If I had to place odds I’d give 38.2% the highest odds (50% chance), then next would be the 50% level (30% chance) and finally the 28.6% level (20% chance).
On the 60 minute chart there is a gap that could be filled from Monday the 4th at 1938.99 with Tuesday opening at 1935.17 SPX. If we do the 38.2% move up that gap should be filled. Odds are good that we’ll close green today and then rally on Monday of next week with a peak on Tuesday morning… where I’d look to get short if this plays out as expected?