26 replies to this topic

[blustar]

Hi blustar, I think you have some "off by 100" typos in the prices in your latest post.

THX HHH, 2883/84 sorry

[hhh]

Thanks for sharing your work. I see a little 3-wave a down and a 3-wave b up formed now, ready for a bigger c down. And trin is rising.

Edited by hhh, 21 August 2019 - 10:18 AM.

[blustar]

The current indecision of the market tells me that the 4 TD low will come +1 tomorrow late and with a new target of 2875, with a gap up into Friday to 2945 to form a symmetrical B Wave to from a 20 TD high to match the 20 TD low expected on Sept 3. This means the 16 TD top goes into TD 16 +4.

[blustar]

The SPX is up about 8-9 and is looking to make a double top.  By the end of the day I expect 2874-76 either the hour before the close or right on the close.  A huge move up tomorrow to 2945-47 looks possible or c of C (outside chance of 2949/50), right now we are in 'y' of B  simplistically although not actually on the minute waves, which are complex. A chart is forth coming.

 

Bottom line: I expect a gap and crap maneuver here................. and then higher prices to complete the bear flag.

[blustar]

Revised target of SPX 2879/80 later today to fit the final 'c' of C to .618 retrace at 2949/50 Friday

[blustar]

Update 3:30 EDT : We have just seen the "b" wave bounce and it looks like the "c" wave down is tomorrow and IF so all the way into late day. The 4 TD lows ran last on Tuesday at 3 TD's or -1 and this one tomorrow makes Friday a 3 & 6 TD low or 8-2 and rhymes with the next 6 TD low on Sept 3, another 8-2.

 

We could see a move to cover the gaps all the way down to near 2847.

 

The A Wave was 33.6 pts long so 2.5 times that says near 2845/46/47 possible tomorrow for Wave C!

 

This would put the top out to Monday (16+5, remember that August 5 was 16-5) where we do have another mid day trine.  We could have a 100 point rally as c = a in price!

 

Aug 26, 2019     11:38 AM            Venus  6 Virgo 32 trine Uranus  6 Taurus 32

[blustar]

My best guess is 2876 SPX will be hit late Friday and the market will have a strong move up Monday.

 

We are running the little skippers as I call them, or 4-1 lows that become increasingly powerful to the down side.  The last one was Tuesday then Friday, a strong move up into Monday to around 2946, then Wednesday next week returns to the bottom of the bear flag, a bounce into Thursday that becomes weaker (I think) then down hard into Sept 3 hard in a crash.