It’s the enlightened ones’ Pentecost tomorrow. 50 (2525) days from the grand reunion on 6-5 (one year removed). Also the demise of Ray Bradbury at the age of 91. So 1 year 50 days or 1years 1month 20 days later. The big 12 or 21==25??? 1/2=5 2/1=2 21=7x7x7. Kubrick’s 1921 in Shining and just 2001 Space Oddysey (10 years wandering after the 10 year Trojan War)
Bradbury’s Fahrenheit 451===20-1 or 46 or 91….91==13×7.
Does something come out of Greece overnight?
Or something more insidious as inferred from recent movies like Pacific Rim, Red 2 or even Fahrenheit 451.
Still nothing going on, so there’s not much to say. The market is chopping sideways making a bull flag that should easily allow them to hit the 170.46 FP on the SPY. Also note that it’s not always a turning point, and that it’s common to pierce through them a little even if it is a turning point. The only guarantee is that the FP will be hit, nothing more.
Looking at the daily chart continue to put in lower histogram bars and show a MACD that is turning down slightly indicates that market should have another exhaustion move up on lower histogram bars and a “soon to be crossing” MACD lines. This will give us the negative divergence that we need to happen before shorting.
Since there is no time frame known on the hitting of the FP on the SPY we could drop some first and then go back up to hit it possibly next week or the first week of August. Personally I don’t think it’s going to take that long but anything is possible. I’m still thinking we top just above 1700 in the 1705-1710 SPX area.
This would put the SPY in the 171.00-171-50 area, which is typical it seems as many FP’s in the past have been pierced by 5-10 SPX points before turning the other direction. So when should we hit this top you ask?
Well, if I were to guess I’d think next Tuesday/Wednesday when they have the next FOMC meeting. Looking at the charts this sideways to slightly down move we’ve been having all week could be a wave 4 down of some kind with a final wave 5 up in the FOMC meeting. So if this wave 4 produces a small drop of say 20 points or so between now and next Wednesday then I’d think it’s setting up the stage for a final 5th wave up to that 1705-1710 zone.
So other then day trading a little I see NO swing trade until after that meeting is over with (of course you could go long at the bottom of this wave 4 down into the wave 5 top but it’s not likely to be a very deep retracement down, which means it’s not worth it to me.)
Join the Illuminati and have all your heart desires come through,Fast cars,Spot Lights,Money,Influence and power.Earn $5000 monthly for becoming a member and $100000 for doing what you like to do.
If you have the interest to join,contact theilluminatiorder1@gmail.com
And the royal baby won’t be a LEO. But impeccable timing with his birth.
31 years 31 days from the last great royal birth. (on a summer solstice under a solar eclipse.)
And it will be the Superbowl score reversed on my birthday from the last great royal birth. (The real daddy is supposedly the head of Freemasonry)
It’s the enlightened ones’ Pentecost tomorrow. 50 (2525) days from the grand reunion on 6-5 (one year removed). Also the demise of Ray Bradbury at the age of 91. So 1 year 50 days or 1years 1month 20 days later. The big 12 or 21==25??? 1/2=5 2/1=2 21=7x7x7. Kubrick’s 1921 in Shining and just 2001 Space Oddysey (10 years wandering after the 10 year Trojan War)
Bradbury’s Fahrenheit 451===20-1 or 46 or 91….91==13×7.
Does something come out of Greece overnight?
Or something more insidious as inferred from recent movies like Pacific Rim, Red 2 or even Fahrenheit 451.
Crude Oil Update: http://niftychartsandpatterns.blogspot.in/2013/07/crude-oil-chart-update_24.html
ES Trend update: http://niftychartsandpatterns.blogspot.in/2013/07/es-trend-update_24.html
Still nothing going on, so there’s not much to say. The market is chopping sideways making a bull flag that should easily allow them to hit the 170.46 FP on the SPY. Also note that it’s not always a turning point, and that it’s common to pierce through them a little even if it is a turning point. The only guarantee is that the FP will be hit, nothing more.
Looking at the daily chart continue to put in lower histogram bars and show a MACD that is turning down slightly indicates that market should have another exhaustion move up on lower histogram bars and a “soon to be crossing” MACD lines. This will give us the negative divergence that we need to happen before shorting.
Since there is no time frame known on the hitting of the FP on the SPY we could drop some first and then go back up to hit it possibly next week or the first week of August. Personally I don’t think it’s going to take that long but anything is possible. I’m still thinking we top just above 1700 in the 1705-1710 SPX area.
This would put the SPY in the 171.00-171-50 area, which is typical it seems as many FP’s in the past have been pierced by 5-10 SPX points before turning the other direction. So when should we hit this top you ask?
Well, if I were to guess I’d think next Tuesday/Wednesday when they have the next FOMC meeting. Looking at the charts this sideways to slightly down move we’ve been having all week could be a wave 4 down of some kind with a final wave 5 up in the FOMC meeting. So if this wave 4 produces a small drop of say 20 points or so between now and next Wednesday then I’d think it’s setting up the stage for a final 5th wave up to that 1705-1710 zone.
So other then day trading a little I see NO swing trade until after that meeting is over with (of course you could go long at the bottom of this wave 4 down into the wave 5 top but it’s not likely to be a very deep retracement down, which means it’s not worth it to me.)
Join the Illuminati and have all your heart desires come through,Fast cars,Spot Lights,Money,Influence and power.Earn $5000 monthly for becoming a member and $100000 for doing what you like to do.
If you have the interest to join,contact theilluminatiorder1@gmail.com
SILVER Chart update: http://niftychartsandpatterns.blogspot.in/2013/07/silver-chart-update.html
NETFLIX Chart Analysis: http://niftychartsandpatterns.blogspot.in/2013/07/netflix-chart-analysis.html
McDonalds Chart Analysis: http://niftychartsandpatterns.blogspot.in/2013/07/mcdonalds-chart-analysis.html
It looks like I am a little late with this:
http://www.youtube.com/watch?v=kjxSCAalsBE
And the royal baby won’t be a LEO. But impeccable timing with his birth.
31 years 31 days from the last great royal birth. (on a summer solstice under a solar eclipse.)
And it will be the Superbowl score reversed on my birthday from the last great royal birth. (The real daddy is supposedly the head of Freemasonry)
earnings continue to fail as spx continues the uptrend