As I said in the prior post I'm not going to be doing as many new posts due to the lack of being setup on a new Windows 10/11 computer. Everything is on my Windows 8.1 computer. I'm just going to post less until I can get back into the grove of things and I've not even started to set everything up on a Windows 10 computer yet. I have a Windows 11 computer (I hate it) but it's not setup with all my usual programs, nor has the monitors of my Windows 8.1 setup. Anyway, here's what I see for this week...
The most likely turn date is Wednesday the 19th, but it could be off a day or so and drag out into this Thursday or Friday. The key thing to watch is for the market to run the stops overhead by at least 50 points, if not a 100. Then we should start back down.
But with another turn date around the 26th we might not drop very much in the beginning and could do a bounce back up into next Wednesday for a lower high, and then collapse into mid-March, like right in front of the FOMC that month, which is on the 19th. I think we will bottom prior to then but we could bottom in the first week of March, go back down for a higher low into the second week and then after the FOMC we have a strong rally. It's too early to know right now but that's certainly possible. I'm just focused on catching the short that should appear this week.
Have a blessed day.
