5 replies to this topic

[eminimee]

"Tea the SPX cash should close just below 1500.
what does that mean in your ta?"



Nothing ....I'm still leaning wave 2...but 1518 has to be taken out on the next move....or I'll be thinking something else more ursine. If starting a C wave...I guess I can't guarantee new highs if 1518 is taken out ....but because of my comfort level in the Q's ED...I think it's going to be a three.....we'll have to see the shape of any upmove from here.

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=13&i=p11557564749&a=109883924&r=9200.png

[Mr Dev]

Thank you Tea,,, Looking forward to your follow up. Have a nice weekend

[eminimee]

Here's the preplan...and man if it works out.....I want a position on the A team..



http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=10&i=p54628789513&a=104926928&r=5243.png

[spielchekr]

BTW, July 13th is the 9th trading day of the month.

[spielchekr]

Maybe 2 more weeks of rotation out of banking...





...to support the equal weighting distrubution patterns?

[rkd80]

wow spiel, nice little chart a lot of people are expecting a major sell-off after the 4th...hmm.