High odds that Thursday morning we’ll see that downward sloping trendline hit and end the rally up. Since it’s falling it’s no longer in the 1960 SPX area but today is just a hair under 1955. Tomorrow it could be 1952-1953 from the rate it’s declining.
That’s the best shorting opportunity I see for a move down to 1880 area withing 1-2 weeks. So I’ll be looking tomorrow to see how high they take it to. There is also the 1965.14 gap window area from 7/31 but I really doubt if it gets up there. In fact I think a lot of bears are waiting there and at gap fill (1970.07), so it’s not likely to get there.
I don’t know if we’ll gap up to that are tomorrow or open flat and climb up there but I’m still looking to short in the 1952-1953 zone as the other levels don’t look promising at this point. Thursday’s are common topping or bottoming days with Friday’s retracing some of what happened on Thursday.
With that in mind (and the fact that Friday is OPX, which is heavily manipulated to make the options expire worthless so the market makers pay out the least amount of money) I suspect we’ll rally back some of Thursday’s move down to close the week out looking pretty confusing to most traders.
I would see it as a wave 1 down on Thursday (from the gap up high) with a wave 2 up on Friday. That leaves wave 3 down on Monday and it should be inside a larger wave C down with A down being from 1991 to 1905 and B up from 1905 to 1955?
If wave C down equals wave A down then we should drop 86 points from the high on Thursday. If that’s around 1955 then we should go down to 1869 area before ending the whole ABC move down. Then I think we’ll rally again and probably continue up through all the rest of August and into September.
However, if wave C down is 1.618% of wave A down then we should drop 140 points from Thursdays high forecast. I don’t see that happening but anything is possible I guess. We’ll just have to cross that bridge when we get there.
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.
High odds that Thursday morning we’ll see that downward sloping trendline hit and end the rally up. Since it’s falling it’s no longer in the 1960 SPX area but today is just a hair under 1955. Tomorrow it could be 1952-1953 from the rate it’s declining.
That’s the best shorting opportunity I see for a move down to 1880 area withing 1-2 weeks. So I’ll be looking tomorrow to see how high they take it to. There is also the 1965.14 gap window area from 7/31 but I really doubt if it gets up there. In fact I think a lot of bears are waiting there and at gap fill (1970.07), so it’s not likely to get there.
I don’t know if we’ll gap up to that are tomorrow or open flat and climb up there but I’m still looking to short in the 1952-1953 zone as the other levels don’t look promising at this point. Thursday’s are common topping or bottoming days with Friday’s retracing some of what happened on Thursday.
With that in mind (and the fact that Friday is OPX, which is heavily manipulated to make the options expire worthless so the market makers pay out the least amount of money) I suspect we’ll rally back some of Thursday’s move down to close the week out looking pretty confusing to most traders.
I would see it as a wave 1 down on Thursday (from the gap up high) with a wave 2 up on Friday. That leaves wave 3 down on Monday and it should be inside a larger wave C down with A down being from 1991 to 1905 and B up from 1905 to 1955?
If wave C down equals wave A down then we should drop 86 points from the high on Thursday. If that’s around 1955 then we should go down to 1869 area before ending the whole ABC move down. Then I think we’ll rally again and probably continue up through all the rest of August and into September.
However, if wave C down is 1.618% of wave A down then we should drop 140 points from Thursdays high forecast. I don’t see that happening but anything is possible I guess. We’ll just have to cross that bridge when we get there.
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.