Yeah, it looks like it’s going to be the 1650 SPX gap fill area that I was talking about last week. Looks very bearish but every time it gets looking this way they come out of now where and rally to the moon. I don’t think we have much more on the downside Peter and I still see the final high this October around 17,000 on the DOW.
red, my wave C up makes perfect sense, especially if you use numerology. So, tomorrow, we go to 1670, then we have wave C up right into next week. Viola. Double 11 on the 22nd!
The Dow dropped down to and through its lower BB. It seems to be leading the pack. Also dropped to a new monthly low. The other indices are more restrained minus the Utilities which seem to be already crashing. The once impervious RTH (retail) also had a strong down day that took them down to their lower BBs. SP is near its monthly lows and below its monthly opening range but it’s breakdown isn’t as convincing.
A certain little indicator did break through its downsloping 50 day average.
My new little indicator did trigger a “sell” for the Dow and has a minor one for the euro. As I interpret it. Other indices have not penetrated the required level yet. But my analysis for this indicator is still a work in progress.
Thanks. Yeah. missed this unfortunately… but certainly looking ugly for bernankes next speech
Yeah, it looks like it’s going to be the 1650 SPX gap fill area that I was talking about last week. Looks very bearish but every time it gets looking this way they come out of now where and rally to the moon. I don’t think we have much more on the downside Peter and I still see the final high this October around 17,000 on the DOW.
well, wasnt a crash, but wasnt pretty
SPY Update…. http://screencast.com/t/iOCLvTJb
ES Testing support levels: http://niftychartsandpatterns.blogspot.in/2013/08/es-testing-support-levels.html
APPLE Fades the GAP: http://niftychartsandpatterns.blogspot.in/2013/08/apple-fades-gap.html
CITIGROUP Cup and Handle pattern: http://niftychartsandpatterns.blogspot.in/2013/08/cup-and-hand-of-citigroup.html
red, my wave C up makes perfect sense, especially if you use numerology. So, tomorrow, we go to 1670, then we have wave C up right into next week. Viola. Double 11 on the 22nd!
Tomorrow is 42 days from July 4 and 106 days from 5-1.
The Dow dropped down to and through its lower BB. It seems to be leading the pack. Also dropped to a new monthly low. The other indices are more restrained minus the Utilities which seem to be already crashing. The once impervious RTH (retail) also had a strong down day that took them down to their lower BBs. SP is near its monthly lows and below its monthly opening range but it’s breakdown isn’t as convincing.
A certain little indicator did break through its downsloping 50 day average.
My new little indicator did trigger a “sell” for the Dow and has a minor one for the euro. As I interpret it. Other indices have not penetrated the required level yet. But my analysis for this indicator is still a work in progress.