Futures have already overbalanced price and today if cash closes below 1415 cash has also indicating the four year cycle has topped. This week has an up bias toward 1480 and its not happenning as the larger cycles are overtaking the minor weekly cycle up cycle bias. The down "TEST" cash level for today is 1417, has to hold +/- 1 point and start to move toward 1440 to at least recognize this week has an up bias.
If the market does not get to near 1440 today be short over the weekend because next week has a HUGE down bias.
Larry
PRICE OVERBALANCED BELOW 1415
Started by
LarryT
, Aug 15 2007 06:41 AM
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