SPY Holding 134.39

The SPY is pulling back to the down trend line it broke above last week. Today that hold line is 134.39 and that has been the low so far. Today is a fib 55 days since the last low on the SPX and 56 days on the SPY. Today is day 9 on the 8 day cycle and day 18 on the 16 day cycle. The recent action has been exhibiting a bullish irregular flat. This implies a bullish move coming into next week. The next Gann 8/16 day top is due Tuesday next week +/- 1 day. A move up to at least the 1416 area would be expected and a little higher into the 1420's would not be out of the question. blu

The SPY is pulling back to the down trend line it broke above last week. Today that hold line is 134.39 and that has been the low so far. Today is a fib 55 days since the last low on the SPX and 56 days on the SPY. Today is day 9 on the 8 day cycle and day 18 on the 16 day cycle. The recent action has been exhibiting a bullish irregular flat. This implies a bullish move coming into next week. The next Gann 8/16 day top is due Tuesday next week +/- 1 day.

A move up to at least the 1416 area would be expected and a little higher into the 1420's would not be out of the question.

blu

<<<1416 area>>>

with all due respect, but there will be so many bad earning numbers still coming that 1400 is not around the corner, at least not next week!

gis

The SPY is pulling back to the down trend line it broke above last week. Today that hold line is 134.39 and that has been the low so far. Today is a fib 55 days since the last low on the SPX and 56 days on the SPY. Today is day 9 on the 8 day cycle and day 18 on the 16 day cycle. The recent action has been exhibiting a bullish irregular flat. This implies a bullish move coming into next week. The next Gann 8/16 day top is due Tuesday next week +/- 1 day.

A move up to at least the 1416 area would be expected and a little higher into the 1420's would not be out of the question.

blu

<<<1416 area>>>

with all due respect, but there will be so many bad earning numbers still coming that 1400 is not around the corner, at least not next week!


The market has formed what is called a "running correction" on the charts. The final 'c' of Y will take us a lot higher into next week. If 'c'='a', then we see a move to the 1430 area on a % basis or 1425 on a point basis. The down trend line comes in at 1427 Monday, so we are close. Don't forget that B Waves are known as channel breakers.

1429/30 takes out the previous wave 'c' down into January. I think we see a huge move here into Tuesday latest. It is also possible that we double bottom today mid session and then form a bullish hammer into the close, possibly closing a point or two higher on the close. Monday would then be the huge up day with Tuesday the follow thru day.

blu

gis

The SPY is pulling back to the down trend line it broke above last week. Today that hold line is 134.39 and that has been the low so far. Today is a fib 55 days since the last low on the SPX and 56 days on the SPY. Today is day 9 on the 8 day cycle and day 18 on the 16 day cycle. The recent action has been exhibiting a bullish irregular flat. This implies a bullish move coming into next week. The next Gann 8/16 day top is due Tuesday next week +/- 1 day.

A move up to at least the 1416 area would be expected and a little higher into the 1420's would not be out of the question.

blu

Dang, Blu

You called it right last week with the 1340 Target. This happens to me to. I get out a day ahead then the real profits come in. Oh, well. Not saying don't listen to WT, but belive in your work. I think you do good research.

The SPY is pulling back to the down trend line it broke above last week. Today that hold line is 134.39 and that has been the low so far. Today is a fib 55 days since the last low on the SPX and 56 days on the SPY. Today is day 9 on the 8 day cycle and day 18 on the 16 day cycle. The recent action has been exhibiting a bullish irregular flat. This implies a bullish move coming into next week. The next Gann 8/16 day top is due Tuesday next week +/- 1 day.

A move up to at least the 1416 area would be expected and a little higher into the 1420's would not be out of the question.

blu

Dang, Blu

You called it right last week with the 1340 Target. This happens to me to. I get out a day ahead then the real profits come in. Oh, well. Not saying don't listen to WT, but belive in your work. I think you do good research.

I know. the stupid 4 hour oscillator went to a buy and still is on a buy and we were close enough to the 8 day cycle low for me to think that was it. What we had not seen is capitulation and that came today. It was actually the 1341.50 area and a running correction scenario and that is proving correct here. I know, I know.

I'm thinking we go to 1429/30 next week.

blu

The SPY is pulling back to the down trend line it broke above last week. Today that hold line is 134.39 and that has been the low so far. Today is a fib 55 days since the last low on the SPX and 56 days on the SPY. Today is day 9 on the 8 day cycle and day 18 on the 16 day cycle. The recent action has been exhibiting a bullish irregular flat. This implies a bullish move coming into next week. The next Gann 8/16 day top is due Tuesday next week +/- 1 day.

A move up to at least the 1416 area would be expected and a little higher into the 1420's would not be out of the question.

blu

Dang, Blu

You called it right last week with the 1340 Target. This happens to me to. I get out a day ahead then the real profits come in. Oh, well. Not saying don't listen to WT, but belive in your work. I think you do good research.

I know. the stupid 4 hour oscillator went to a buy and still is on a buy and we were close enough to the 8 day cycle low for me to think that was it. What we had not seen is capitulation and that came today. It was actually the 1341.50 area and a running correction scenario and that is proving correct here. I know, I know.

I'm thinking we go to 1429/30 next week.

blu

Where did you get your crystal ball? I want one!

I love the precision

C