Weekly rising trendline of support since the 2011 low looks certain to break Friday unless they some how pull a rabbit out of hat tomorrow and rally up above 2085-2090 SPX by the close: http://stockcharts.com/public/1092905/chartbook/312846787
Remember gang that the insiders tell their buddies on the street where the market is going to prior to it happening so they can take a position beforehand. Such was the case of the 2010 Flash Crash. Insiders were told the low at 15 minutes to midnight the day before it happened. They used ritual numbers too… like 66.6667 for the StochasticFull reading as well as another “Eleven” code in the 1056 low (5+6 = 11, and with the other 1 you have 111). https://www.flickr.com/photos/reddragonleo/5382190713/in/datetaken/
That would be freaky for sure! Possibly we drop to 2043 SPX Friday morning and hit 6.66 on the TVIX at the same time? Or maybe it closes at that today as you suggested?
From the 2103 high to the 2070 low yesterday you have 33 points for what looks like an A wave down. Then the B wave up around the FOMC time period. Now if we are in C down then 1.618 of 33 points equals 53 points. So the B wave high of 2096 minus 53 points puts the C wave low at 2043 SPX
Weekly rising trendline of support since the 2011 low looks certain to break Friday unless they some how pull a rabbit out of hat tomorrow and rally up above 2085-2090 SPX by the close: http://stockcharts.com/public/1092905/chartbook/312846787
Shemitah will be a bottoming zone… should look similar to September 2011.
As you said Red….They won’t wait til September. It will be done by then.
Remember gang that the insiders tell their buddies on the street where the market is going to prior to it happening so they can take a position beforehand. Such was the case of the 2010 Flash Crash. Insiders were told the low at 15 minutes to midnight the day before it happened. They used ritual numbers too… like 66.6667 for the StochasticFull reading as well as another “Eleven” code in the 1056 low (5+6 = 11, and with the other 1 you have 111). https://www.flickr.com/photos/reddragonleo/5382190713/in/datetaken/
That would be freaky for sure! Possibly we drop to 2043 SPX Friday morning and hit 6.66 on the TVIX at the same time? Or maybe it closes at that today as you suggested?
Would like to see TVIX close at 6.66 today.
From the 2103 high to the 2070 low yesterday you have 33 points for what looks like an A wave down. Then the B wave up around the FOMC time period. Now if we are in C down then 1.618 of 33 points equals 53 points. So the B wave high of 2096 minus 53 points puts the C wave low at 2043 SPX
If we drop again Friday I’d look again for a morning low and a squeeze into early Monday, then down later.
Looking bad for sure..
1min SPY bar at 9:46am PST high print @ 206.10.