There is a little battle going on here between the bulls and bears. The ES Futures has worked off enough of the overbought conditions on the 4h, 2h, and 60 minute charts that it could resume the rally upward with the “B” wave down being completed at the overnight low of 1305.
But, the SPX Cash wants to rollover and go down as it’s lagging behind the ES right now. The problem is that the bulls are favored by the gangsters 90% of the time… and this being a Friday leads me to believe that the low is in for today.
This leave Monday open for either a continuation of the rally or another move down to my forecast-ed 1290 area. We won’t know until Sunday night as the ES Futures could reset themselves to either a bullish or bearish position for the open on Monday. If they rally and get overbought then I’ll say that well go down on Monday. If they are down at the open on Monday then I’d say we’ll rally back up later that day and into Tuesday.
This “B” wave down could already be completed now or it could go lower again on Monday… hard too say right now? But the light volume favors the Bulls (as it almost always does). My gut tells me that we’ll have another leg down to the 1290 on Monday, but that’s no guarantee of course. As for today it’s looking like a flat day for the close. Could be slightly positive or slightly negative, but not much either way.
LOL… that link didn’t work because there wasn’t a space between the word “crash” and the link. I went to edit it to fix it and you beat me too it! He He He…
Crude oil with a bearish engulfing bar over at the sc daily charts but not on the CME charts but really a moot point since it continued lower after the pit close and probably will produce a bear flip tomorrow. Gold and silver with nice monster bear flips.
Today is 26tds off the May high and a 13td cycle tends to show up in bear cycles. So today was a likely day for a top based on this cycle. Monday if we reset the traditional count to the Dow high in early May but I don’t think that will be likely. Based on the Cramer Code number and the 6-8 cycles. If that is true, it would project the cataclysmic event out to the PGA date that the face and semi-face at the 4 letter were alluding to some time back.
6-8, as well as being a Mayan codex number, has some interesting numerology cycle hits.
It is 3years 7months28 days from the 10-11-2077 top and 8years 4months 4 days from the 2-04-2004 Facebook date or 8-8 or 8-24….
It is 1699 days from the 10-11-2007 high.
67 days from the 4-2 high………6×7==42
47 tds from the 4-2 high.
During yesterdays Spurs–OKC game, the network showed an ad for the next game. It went as follows:
Friday 8:00 pm
Game 7
(if needed)
Well Game 7 wont be needed.
6×8===48 (see some of my The Silent Partner comments below)
I heard one of the 4letter guys this afternoon throw out the 68 number. Probably something to do with moaning about the Thrice since that seems like what sports talk radio was focused on today although he mentioned Vegas still had them as 8 point favorites even though Game 6 was in Boston. (Haha a little 86 insertion there)
He was also taking about OKC’s Harden #13 not being worth of a max contract around this time as he had a cap expert on explaining how OKC could lock up some of its young players going forward.
The Thrice did end up winning Game 6 so maybe they are no longer on the brink of elimination although I still don’t understand how the Celtics have taken them this far but this is the NBA so I guess I do have an explanation.
A lot of 65s flashed in tonight’s game, basically a lot of 6s since Le Bron had a monster game:
45 points, 15 rebounds, 5 assists on 19 of 26 shooting.
Quick thoughts for Monday….
http://screencast.com/t/SKlpJZbbOuBt
New FP or late fill?
http://screencast.com/t/WaqdXef8
There is a little battle going on here between the bulls and bears. The ES Futures has worked off enough of the overbought conditions on the 4h, 2h, and 60 minute charts that it could resume the rally upward with the “B” wave down being completed at the overnight low of 1305.
But, the SPX Cash wants to rollover and go down as it’s lagging behind the ES right now. The problem is that the bulls are favored by the gangsters 90% of the time… and this being a Friday leads me to believe that the low is in for today.
This leave Monday open for either a continuation of the rally or another move down to my forecast-ed 1290 area. We won’t know until Sunday night as the ES Futures could reset themselves to either a bullish or bearish position for the open on Monday. If they rally and get overbought then I’ll say that well go down on Monday. If they are down at the open on Monday then I’d say we’ll rally back up later that day and into Tuesday.
This “B” wave down could already be completed now or it could go lower again on Monday… hard too say right now? But the light volume favors the Bulls (as it almost always does). My gut tells me that we’ll have another leg down to the 1290 on Monday, but that’s no guarantee of course. As for today it’s looking like a flat day for the close. Could be slightly positive or slightly negative, but not much either way.
I certain hope this is all real but I still have my doubts.
🙂
LOL… that link didn’t work because there wasn’t a space between the word “crash” and the link. I went to edit it to fix it and you beat me too it! He He He…
New Stuff from David Wilcock
http://divinecosmos.com/start-here/davids-blog/1060-massdivine
Market rumor: Pimco and JP Morgan Halt Vacations to Prepare for Economic Crash
http://the2012scenario.com/2012/06/market-rumor-pimco-and-jp-morgan-halt-vacations-to-prepare-for-economic-crash/
Target for today or Monday…
http://screencast.com/t/7bQxo9Lqm
Crude oil with a bearish engulfing bar over at the sc daily charts but not on the CME charts but really a moot point since it continued lower after the pit close and probably will produce a bear flip tomorrow. Gold and silver with nice monster bear flips.
Today is 26tds off the May high and a 13td cycle tends to show up in bear cycles. So today was a likely day for a top based on this cycle. Monday if we reset the traditional count to the Dow high in early May but I don’t think that will be likely. Based on the Cramer Code number and the 6-8 cycles. If that is true, it would project the cataclysmic event out to the PGA date that the face and semi-face at the 4 letter were alluding to some time back.
6-8, as well as being a Mayan codex number, has some interesting numerology cycle hits.
It is 3years 7months28 days from the 10-11-2077 top and 8years 4months 4 days from the 2-04-2004 Facebook date or 8-8 or 8-24….
It is 1699 days from the 10-11-2007 high.
67 days from the 4-2 high………6×7==42
47 tds from the 4-2 high.
During yesterdays Spurs–OKC game, the network showed an ad for the next game. It went as follows:
Friday 8:00 pm
Game 7
(if needed)
Well Game 7 wont be needed.
6×8===48 (see some of my The Silent Partner comments below)
I heard one of the 4letter guys this afternoon throw out the 68 number. Probably something to do with moaning about the Thrice since that seems like what sports talk radio was focused on today although he mentioned Vegas still had them as 8 point favorites even though Game 6 was in Boston. (Haha a little 86 insertion there)
He was also taking about OKC’s Harden #13 not being worth of a max contract around this time as he had a cap expert on explaining how OKC could lock up some of its young players going forward.
The Thrice did end up winning Game 6 so maybe they are no longer on the brink of elimination although I still don’t understand how the Celtics have taken them this far but this is the NBA so I guess I do have an explanation.
A lot of 65s flashed in tonight’s game, basically a lot of 6s since Le Bron had a monster game:
45 points, 15 rebounds, 5 assists on 19 of 26 shooting.