FYI - here is the 'b' wave setup i've been talking about
www.screencast.com/t/GtFdwyOzEwww.screencast.com/t/VnSRj4Er43h
Right now, there are about FIVE ..count 'em and weep valid ST counts - nasty .. I believe monday will rule a few out ...
..as I said elsewhere, the added difficulty ( and its about as hard as its been as said in 2018 for me here to call ST), the RUT, comp
etc are all on DIFFERENT counts ..mama mia ..then the CAC/DAX DID put in a bounce off 5 down ..which means, its very high odds in a last bounce
before a iii down wave..yikes ...so its a VERY mixed and difficult wave setup ...ironically, which by tue/wed cd be very simple.
My 'best guess' - is a small gap up on SPX to 2740'ish that turns down - if its 'jumps the creek' to 2745 or so, maybe we tag 2750,
but we'd get a third gap in row sell signal, these are been very high odds sold ( or bought on down gaps).
The tick also closed at one of highest reading of last 2 years.
I guess it all depends on da boyz plans, as were still at that 2730 KP ..and never got away from it despite huge strength friday, but
sunday night is globex fun time, when 'they' often spring a move ...so we'll see... we're up gap about 90/100 so if we don't, that's also telling.
The COMp - has a Different count', and its kind of hard to reconcile it this the 'abc' ..or variants thereof.
www.screencast.com/t/dkipnldgm
I think the best thing for me to do here, is not bother saying more until we see mondays action - because that cd/likey/hope/should clear things up alot,
unless we get a huge up trending day ...that wd have me a bit boggled to be honest .... if Comp took out for example its all time highs and opens up again Tue/wed
I wd not have a setup for that ..dunno' ...so I have that low odds.
THEN for the Ending Diagonal 5th IT setup - I had this setup, and its playing out - this fits xxxx setup for 2770 monday/tue before big drop, though, the
drop wd only be to 2640-2650'ish.
www.screencast.com/t/ZXZtPExQOeRX
Remember the TIME is NOT to scale - so I didnt' expect the move up just yet here ....the ST signal went to sell, got whipsawed by the gap up fri, but is at sell again...
which had me leaning against this move completing here ..but if we move up monday that this is indeed high odds setup ..provided we don't takout out 2770 ..that is a massive
pivot on my work.
So ALOT on the line monday - maybe all week.
Rydex flashed me a very high odds SELL signal last week - I didn't talk about it ..I'm saying now ...so we've got ALOT of different analysis starting to line up,
but the fat lady hasn't sung just yet - but the 'back sweeps', gaps and price persistence I talked about are also bearish tape action to me longer term ...as said why.
But annoyingly, there are some pesky bullish things as well - on the technical area's ..so, were in a kind of market where one days action is appearing to dramatically
change the swing/IT setup to 'clear bullish' to 'clear bearish' and back/forth ...more than I can remember ..its wise then to let PRICE prove it, and not try to predict here
too much, so I am more observer than trader here and waiting for resolution as said.
