I think we top tomorrow. Not sure if it’s a gap up and drop, or a gap down, retrace, and then down into the close… but odds favor tomorrow ending this first large wave up.
This sell off has been tracking the 2011 correction very closely. Back then around this same period the market made it’s final drop to make a lower low of 1074 SPX before the 4 year rally. This time around I don’t think they will repeat it. I think we are going down into this Thursday/Friday to make a higher low (1890-1920?) and then start one more powerful rally up into mid-November before topping again.
I think we top tomorrow. Not sure if it’s a gap up and drop, or a gap down, retrace, and then down into the close… but odds favor tomorrow ending this first large wave up.
wow, no downside today. Will we see a drop tomorrow?
ES Morning Update October 8th, 2015 – http://screencast.com/t/gWwwniuQr
Quick 5 minute video on the ES Futures: http://screencast.com/t/xRF57kP67
ES Morning Update October 7th, 2015 – http://screencast.com/t/cxK97uH0l
SPX End Of Day Update: http://screencast.com/t/aYYC4HbJQ
ES Morning Update October 6th, 2015 – http://screencast.com/t/SsAR8fyDa
SPX Update http://screencast.com/t/r8OxN6umzNB
This sell off has been tracking the 2011 correction very closely. Back then around this same period the market made it’s final drop to make a lower low of 1074 SPX before the 4 year rally. This time around I don’t think they will repeat it. I think we are going down into this Thursday/Friday to make a higher low (1890-1920?) and then start one more powerful rally up into mid-November before topping again.
SPY FP: http://screencast.com/t/y3QJCikqJ