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My BLOG has a new entry. I believe from my latest sleuthing, that we will rally to about SPX 3973 by July 1 then pull back into July 5 to 3880ish, then up into early Thursday July 7 to around the 4030's, an a-b-c rally. I spent a lot of time on this one. I'm bearish from July 7 to July 15-18 to below 3500.
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so if we bounce till July 8th, we go sideways till July 15th and then start to drop......where would the bottom be ? Election in November means a bottom in late August early September, because from there till November the stock market has to bounce, it can' t disturb the political climate
62 Views · 2 Replies ( Last reply by Rogerdodger )
on the 8th of July......
if my price projections have a sense...........infact it's there that the spx might meet a resistance that it won' t be able to overcome
195 Views · 4 Replies ( Last reply by andr99 )
data did not support a breakout, so with abearish divergence on the 4hr chart they slammed it. Maybe a little too much but could lead to a better setup for Thursday. We probably need anothe month to get a decent PCE number. So, Thursday, the question is will the muber be good enough to quell fears and allow the previous bottom to hold? I want to see what they do between 3:30 and 4 tomorrow, (JMHO)