Any drop tomorrow will most likely put in the bottom for now and we should then rally into late next week. The move down should be a wave 5 with today’s move up being a wave 4. I doubt if it breaks the low on Tuesday but if it does it should be brief and only to lure in some bears to squeeze and to get all the bulls out that went long.
I’m thinking it will just be a double bottom as this wave 4 up was a 50% retracement and that seems a little too strong to allow a move down to the 1935-1940 SPX area as previously thought. I could see about 5 points below Tuesday’s low to around 1955 as being possible, but nothing below that.
The move down to 1935-1940 and then to 1920 area isn’t likely to happen this week. It will have to wait until we rally all of next week and then start dropping again the week after that. I don’t know if we are going to make a new high week or a lower high? That 2000 SPX is still like a magnet for the market but time is running out for the bulls and it might not happen?
For now let’s just look for a down move tomorrow to get long at for next weeks’ rally up. The move down could also put in a higher low then Tuesday’s low and I’d then call the move down from the high into the bottom Tuesday as an ABC 3 wave pattern.
Which then makes the move up from that low into today’s Wednesday high a likely wave 1 up. That means a higher low tomorrow should be a wave 2 down and then you’d see the wave 3 up (and 4 down and 5 up) happen into next week.
That kind of pattern would imply a new high is likely whereas a 5 wave move down from the high to tomorrow’s possible low would imply we’ll put in a lower high next week. Hard to say right now but I’ll just say that any move down tomorrow is likely the low before a rally Friday and most of next week.
ILLUMINATI
Join the Illuminati cult online today and get instant sum of 1million
dollars with a free home anywhere you choose to live in the world and also
get 2000 dollars monthly as a salary…
If you are interested contact: joinilluminati01@gmail.com or call +447024058880 .
ILLUMINATI
Join the Illuminati cult online today and get instant sum of 1million
dollars with a free home anywhere you choose to live in the world and also
get 2000 dollars monthly as a salary…
If you are interested contact: joinilluminati01@gmail.com or call +447024058880
On Germany’s 7th goal, the Brazilian goalkeeper didn’t make much of an effort to reach for the ball and deflect it. Of course, he promptly was writhing on the ground reaching for his shoulder as if he had a jammed shoulder that prevented him from reaching for any balls. But he stayed in the game.
Very reminiscent of #10s theatrics against Colombia.
Germany destroyed Brazil on its home turf 7-1. When I saw that Klose #11 was going to get the start, I knew he was going to get the World Cup alltime record-breaking goal that he shares with the Brazilian Ronaldo against Brazil in Brazil. I would have tweeted it out if I had a twitter account.
#11 scored Germany’s second. The first was by #13, his fifth goal of the tournament so 5-13. After #11 scored they flashed a 9-11 with #18 coming over to #11 and even a 16(7)-11 as #16 came over to hug #11 after his goal. Of course, it was #11’s 16th World Cup goal. He did his usual running slide to the side after scoring the goal but the TV coverage broke away but some replays showed that he didn’t appear to flash his signature 666 hand sign which he routinely did until I mentioned it (last Euro cup or World Cup?). Then #18 immediately went on to score two more goals, ie 9-9, then #6 scored the final goal for Germany in the first half.
As expected, Germany did a 9-11 substitution(58th minute), but the TV coverage framed it as a 11-9. #9 proceeded to score Germany’s next two goal for another 99 or 29. Once they got to 6 goals, i figured Germany was headed to 7 goals.
At one point, I thought there was a chance Belgium might face Germany in the final for a ritualistic Germany Brussells standoff that would see the Germans upstage Brussells but I guess they were more interested in 1986 redux angle. Belgium did make the semifinals of the 1986 World Cup probably one of their most recent World Cup appearances.
JOIN THE NEW WORLD OF ILLUMINATI TODAY: Are you a politician, student, business man, or woman,if you desire WEALTH, POWER, INFLUENCE,want TO be A STAR, and to be an influential celebrity and you want your dreams to come through,you have the chance to do that.join the great illuminati today to get $15000 every 3 days and $200000 membership blessing for doing and joining what you love to do best.Contact: illuminatiworldmembership@hotmail.com,and be rich forever.
Any drop tomorrow will most likely put in the bottom for now and we should then rally into late next week. The move down should be a wave 5 with today’s move up being a wave 4. I doubt if it breaks the low on Tuesday but if it does it should be brief and only to lure in some bears to squeeze and to get all the bulls out that went long.
I’m thinking it will just be a double bottom as this wave 4 up was a 50% retracement and that seems a little too strong to allow a move down to the 1935-1940 SPX area as previously thought. I could see about 5 points below Tuesday’s low to around 1955 as being possible, but nothing below that.
The move down to 1935-1940 and then to 1920 area isn’t likely to happen this week. It will have to wait until we rally all of next week and then start dropping again the week after that. I don’t know if we are going to make a new high week or a lower high? That 2000 SPX is still like a magnet for the market but time is running out for the bulls and it might not happen?
For now let’s just look for a down move tomorrow to get long at for next weeks’ rally up. The move down could also put in a higher low then Tuesday’s low and I’d then call the move down from the high into the bottom Tuesday as an ABC 3 wave pattern.
Which then makes the move up from that low into today’s Wednesday high a likely wave 1 up. That means a higher low tomorrow should be a wave 2 down and then you’d see the wave 3 up (and 4 down and 5 up) happen into next week.
That kind of pattern would imply a new high is likely whereas a 5 wave move down from the high to tomorrow’s possible low would imply we’ll put in a lower high next week. Hard to say right now but I’ll just say that any move down tomorrow is likely the low before a rally Friday and most of next week.
CRUDE Oil chart analysis: http://niftychartsandpatterns.blogspot.in/2014/07/crude-oil-support-levels.html
ILLUMINATI
Join the Illuminati cult online today and get instant sum of 1million
dollars with a free home anywhere you choose to live in the world and also
get 2000 dollars monthly as a salary…
If you are interested contact: joinilluminati01@gmail.com or call +447024058880 .
ILLUMINATI
Join the Illuminati cult online today and get instant sum of 1million
dollars with a free home anywhere you choose to live in the world and also
get 2000 dollars monthly as a salary…
If you are interested contact: joinilluminati01@gmail.com or call +447024058880
Interesting, Deutsche Bank drops to a new 52 week low today while Greece is down 3+%.
On Germany’s 7th goal, the Brazilian goalkeeper didn’t make much of an effort to reach for the ball and deflect it. Of course, he promptly was writhing on the ground reaching for his shoulder as if he had a jammed shoulder that prevented him from reaching for any balls. But he stayed in the game.
Very reminiscent of #10s theatrics against Colombia.
Germany destroyed Brazil on its home turf 7-1. When I saw that Klose #11 was going to get the start, I knew he was going to get the World Cup alltime record-breaking goal that he shares with the Brazilian Ronaldo against Brazil in Brazil. I would have tweeted it out if I had a twitter account.
#11 scored Germany’s second. The first was by #13, his fifth goal of the tournament so 5-13. After #11 scored they flashed a 9-11 with #18 coming over to #11 and even a 16(7)-11 as #16 came over to hug #11 after his goal. Of course, it was #11’s 16th World Cup goal. He did his usual running slide to the side after scoring the goal but the TV coverage broke away but some replays showed that he didn’t appear to flash his signature 666 hand sign which he routinely did until I mentioned it (last Euro cup or World Cup?). Then #18 immediately went on to score two more goals, ie 9-9, then #6 scored the final goal for Germany in the first half.
As expected, Germany did a 9-11 substitution(58th minute), but the TV coverage framed it as a 11-9. #9 proceeded to score Germany’s next two goal for another 99 or 29. Once they got to 6 goals, i figured Germany was headed to 7 goals.
At one point, I thought there was a chance Belgium might face Germany in the final for a ritualistic Germany Brussells standoff that would see the Germans upstage Brussells but I guess they were more interested in 1986 redux angle. Belgium did make the semifinals of the 1986 World Cup probably one of their most recent World Cup appearances.
JOIN THE NEW WORLD OF ILLUMINATI TODAY: Are you a politician, student, business man, or woman,if you desire WEALTH, POWER, INFLUENCE,want TO be A STAR, and to be an influential celebrity and you want your dreams to come through,you have the chance to do that.join the great illuminati today to get $15000 every 3 days and $200000 membership blessing for doing and joining what you love to do best.Contact: illuminatiworldmembership@hotmail.com,and be rich forever.
ES Futures update and wave count: http://screencast.com/t/tnI5qMiFnB
So much for choppy around… LOL! I guess we just go down first?