Based on the time of day, still very light volume and the technical support that the market is resting at right now I think we’ve seen the low for the day. While we “should” go down lower in some ABC pattern with this whole move being just wave A down I wouldn’t be shocked to see this be the only wave down, which can be broken down into 5 smaller waves.
Then we “could” (I only say that because of the holiday coming up, the desire to hit 2000 prior to it, the light volume and of course the extreme manipulation to the upside) have seen all the downside we are going to get for awhile. Meaning we’ll NOT go up tomorrow for a B wave and then down again for a C wave, but instead just continue on our merry way up…. chop, by chop, by chop, by chop, by chop…
From the looks of things it appears we are having our pullback now. I’d guess it’s an ABC pattern down and once complete we’ll resume the uptrend. It hit right in my 1970 area range and appears to have ended the 5th wave up that I commented on previously.
So now this should be a larger wave 4 down that could go as low as 1945 SPX are in an ABC pattern move. I wouldn’t count on it going that low but it’s possible. This could just be another bear trap like so many we’ve seen in the past.
Regardless, it should still play out in an A move down (right now happening), B wave up (to lure in the bulls) and another C wave down… which should then end the wave 4 down and allow a wave 5 up to 2000+ to start.
Since we all know next week is a shorten holiday week I’d expect the low to be put in by this Thursday and then a rally into next week for that larger wave 5 up. Target is 2000+ on the SPX.
Double top on the ES “could” stop the bulls but I really doubt it. (And the SPX has already made new highs). The light volume helps the bulls keep it from selling off. So I’d expect this resistance to be broken as the bulls continue their run for 2000+ on the SPX (and the ES futures too I’m sure).
However, I do see some overhead resistance on the SPX from a rising channel. And I count 5 waves up with the current move up today being the 5th wave up. But if wave 5 equals wave 1 (which was 70 points from 1814.36 to 1884.89 from 4/11 to 4/22) then wave 5 might not end until 1997 SPX with it’s starting point at 1927 on 6/13.
Not saying that it’s going straight up from here but with no bears in sight I doubt if any pullbacks are very deep and will of course be bought up. I’d say we’ll hit 2000 SPX (or more) by July 3rd of next week. Yeah, crazy huh? But it is what it is…
We all know the market is 100% controlled and manipulated to the upside so you just have to go with it and enjoy the slow moving turtle race (the bulls) until it ends in 2017 and the big bad bear returns to annihilate the bulls. But by then the SPX could be 3000-4000, which is basically what they did in 1929 and of course the 1999 high.
They WILL take this up to extremely insane levels before they crash it to steal all the sheeps’ money. Between now and 2017 we should see them trick the last sheep back into the market with their hard earned savings as that’s what they always do. When the last sheep buys the bullshit you’ll know the party is near the end.
Right now we still have tons of bearish talk on the main stream media, which means it’s going to do the opposite. Now don’t get me wrong, I’m still expecting a primary wave 4 down this year but I don’t know when it will start. I’m guessing mid-July but we need to hear the main stream media become extremely bullish before we actually top and start a down move again.
So I’m not taking any shorts until I see some decent volume return to the market, which might even be dragged out until August? Hopefully we’ll see some cracks in July and then a bigger move down in August.
But on the short term it’s just a “buy the dips” until 2000 SPX and/or July 4th holiday weekend is over with (but again I think we’ll see 2000 prior to the holiday weekend starting as it will look really good plastered all over the media going into it)
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I’m looking for 1965-1970 SPX to complete a 5th wave up with today’s choppy sideways move being the wave 4 down and yesterday’s big move up being the wave 3 up. At that point I’d consider a short, but I’m still looking for mid-July as the final high and best shorting opportunity.
They show all the goals in that link too. Some embarrassing play by Spain’s#1 (goal keeper). Strange for a goal keeper on the world’s most dominant team.
A pseudo foul by Netherlands’ #9 on Spain’s #19 set up a penatly kick for Spain’s only goal.
Today’s high in the SP seems numerologically significant. The high 1957.74-666.79=1290.95. Today would be a 46 td low low high although a certain analog could see the markets put in a down day tomorrow with a slightly higher high on Friday. New lows jumped to 33 today for such a historic close.
ES Charts update: http://niftychartsandpatterns.blogspot.in/2014/06/s-500-futures-chart-analysis.html
Based on the time of day, still very light volume and the technical support that the market is resting at right now I think we’ve seen the low for the day. While we “should” go down lower in some ABC pattern with this whole move being just wave A down I wouldn’t be shocked to see this be the only wave down, which can be broken down into 5 smaller waves.
Then we “could” (I only say that because of the holiday coming up, the desire to hit 2000 prior to it, the light volume and of course the extreme manipulation to the upside) have seen all the downside we are going to get for awhile. Meaning we’ll NOT go up tomorrow for a B wave and then down again for a C wave, but instead just continue on our merry way up…. chop, by chop, by chop, by chop, by chop…
From the looks of things it appears we are having our pullback now. I’d guess it’s an ABC pattern down and once complete we’ll resume the uptrend. It hit right in my 1970 area range and appears to have ended the 5th wave up that I commented on previously.
So now this should be a larger wave 4 down that could go as low as 1945 SPX are in an ABC pattern move. I wouldn’t count on it going that low but it’s possible. This could just be another bear trap like so many we’ve seen in the past.
Regardless, it should still play out in an A move down (right now happening), B wave up (to lure in the bulls) and another C wave down… which should then end the wave 4 down and allow a wave 5 up to 2000+ to start.
Since we all know next week is a shorten holiday week I’d expect the low to be put in by this Thursday and then a rally into next week for that larger wave 5 up. Target is 2000+ on the SPX.
Double top on the ES “could” stop the bulls but I really doubt it. (And the SPX has already made new highs). The light volume helps the bulls keep it from selling off. So I’d expect this resistance to be broken as the bulls continue their run for 2000+ on the SPX (and the ES futures too I’m sure).
However, I do see some overhead resistance on the SPX from a rising channel. And I count 5 waves up with the current move up today being the 5th wave up. But if wave 5 equals wave 1 (which was 70 points from 1814.36 to 1884.89 from 4/11 to 4/22) then wave 5 might not end until 1997 SPX with it’s starting point at 1927 on 6/13.
Not saying that it’s going straight up from here but with no bears in sight I doubt if any pullbacks are very deep and will of course be bought up. I’d say we’ll hit 2000 SPX (or more) by July 3rd of next week. Yeah, crazy huh? But it is what it is…
We all know the market is 100% controlled and manipulated to the upside so you just have to go with it and enjoy the slow moving turtle race (the bulls) until it ends in 2017 and the big bad bear returns to annihilate the bulls. But by then the SPX could be 3000-4000, which is basically what they did in 1929 and of course the 1999 high.
They WILL take this up to extremely insane levels before they crash it to steal all the sheeps’ money. Between now and 2017 we should see them trick the last sheep back into the market with their hard earned savings as that’s what they always do. When the last sheep buys the bullshit you’ll know the party is near the end.
Right now we still have tons of bearish talk on the main stream media, which means it’s going to do the opposite. Now don’t get me wrong, I’m still expecting a primary wave 4 down this year but I don’t know when it will start. I’m guessing mid-July but we need to hear the main stream media become extremely bullish before we actually top and start a down move again.
So I’m not taking any shorts until I see some decent volume return to the market, which might even be dragged out until August? Hopefully we’ll see some cracks in July and then a bigger move down in August.
But on the short term it’s just a “buy the dips” until 2000 SPX and/or July 4th holiday weekend is over with (but again I think we’ll see 2000 prior to the holiday weekend starting as it will look really good plastered all over the media going into it)
WELCOME TO THE GREAT TEMPLE OF ILLUMINATI.
Are you a business man or business woman, politician,
musical, student and
you want to be very rich, powerful and be famous in life.
You can achieve
your dreams by been a member of the Illuminati. With
this all your dreams
and heart desire can be fully accomplish, if you really
want to be a member
of the great Illuminati then you can contact us for you to
get what so
ever you need in life, email us on our direct email at
lordvoodmoilluminatiworld@gmail.com or call us on+2347063752707
I’m looking for 1965-1970 SPX to complete a 5th wave up with today’s choppy sideways move being the wave 4 down and yesterday’s big move up being the wave 3 up. At that point I’d consider a short, but I’m still looking for mid-July as the final high and best shorting opportunity.
EURUSD Support and Resistance levels: http://niftychartsandpatterns.blogspot.in/2014/06/eurusd-support-and-resistance-levels.html
They show all the goals in that link too. Some embarrassing play by Spain’s#1 (goal keeper). Strange for a goal keeper on the world’s most dominant team.
A pseudo foul by Netherlands’ #9 on Spain’s #19 set up a penatly kick for Spain’s only goal.
Today’s high in the SP seems numerologically significant. The high 1957.74-666.79=1290.95. Today would be a 46 td low low high although a certain analog could see the markets put in a down day tomorrow with a slightly higher high on Friday. New lows jumped to 33 today for such a historic close.
Spain’s subs 9-11 came in together on Friday for #19-14s in the 62nd minute.
http://www.cbssports.com/world-cup/matchtracker/WCS-20140613_NED@ESP
There’s a nice photo there of the 9-11 duo with a 111 interspersed between them.