Cycles and Waves Point to Large Rally into Friday

The 4/8 day cycle bottomed Wednesday and the pattern is bullish into Friday. After that a retest of 840 by Tuesday. Early Nov could see 1072. I'll buy more on early weakness Thursday. A gap up might suggest a pull back to cover.

The 4/8 day cycle bottomed Wednesday and the pattern is bullish into Friday. After that a retest of 840 by Tuesday. Early Nov could see 1072. I'll buy more on early weakness Thursday. A gap up might suggest a pull back to cover.

Large Rally into Friday??

First.... we will make new lows ....AND THEN... we may have a huge rally....

either way let's do it! fwiw

The 4/8 day cycle bottomed Wednesday and the pattern is bullish into Friday. After that a retest of 840 by Tuesday. Early Nov could see 1072. I'll buy more on early weakness Thursday. A gap up might suggest a pull back to cover.

Large Rally into Friday??

First.... we will make new lows ....AND THEN... we may have a huge rally....

The e-wave pattern, oversold condition and cycles suggests a large rally first. I'm getting large non-confirmations with my MOM and volume indicators on the late selling plus a spike MOM low on the open yesterday. A retest of 876 SPX or as low as 873 would not be unexpected and I'm adding to longs on weakness this morning. By late day, we should be up substantially, maybe 300-400 Dow points. The fractal would be Thursday-Friday last week and the 4 day cycle +/- 1 day turns to 5 today, not unexpected. Also, we are near an 8 day cycle bottom due yesterday. Also, today is a Phi Mate turning point. The retest of the October 10 low is likely to occur Tuesday next week on the new moon October 28. In order to get that big down move, first we must move up.

I'm totally invested long with GDX at 19.30 and SPY's near 90