The market looks to be gaping down this morning. We are in the area of the 4 TD low +1. I expect they will buy this gap down somewhere around 1967/68 SPX or down about 13 pts. Upper target is around 1995 for Friday OPEX. Next week should drop to 1962 by Thursday and then one more rally to new highs above 2000 by about July 30 - Aug 1.
Higher Prices into OPEX Expected
Started by
blustar
, Jul 17 2014 08:09 AM
2 replies to this topic
#1
blustar
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blustar
#2
brucekeller
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Posted 17 July 2014 - 10:37 AM
Is this some reverse psychology? Weren't you super bearish the last few weeks?
#3
thoughtpwr
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Posted 17 July 2014 - 12:20 PM
Bluestar;
Good call, we appear to have withstood the lower test at 1966 and have rallied above 1975 again. Finished wave four of five in this move? Thx, EJ
