This is what was sent to those who are on my email list.
I have 2 pathways going into the mid of the month.
- 5 waves up, then the 4th wave should be limited to 3930-40 and might even get to 3985-92 only. 3910 MUST hold on any test for this count to be alive. It means next 12-13 days will be less volatile move lower and limited.
- Much deeper B wave down to ideal target zone of 3850+- to even 3800-10. This pathway has higher odds as we have volatility rising from the 8th all the way to the 15th.
Also tomorrow is picking up as a volatile day, I wont be surprised the first gap of 4091.19 penetrated by tomorrow or Fri am. There is a chance that the second gap of 4072 will be filled as well on this move down. Ideally we see that low Fri am, then end the week with a rally into the close to trap the bulls and gap down on Monday.
We didn't see a move lower today, so the gap fill to watch for tomorrow going into Tuesday
I have a good resistance cluster for the end of the week from 4158 to 4177SPX. Max stretch I see is 4200 but might not be seen till after the mid month low.
Ideal target is 4225 and 4255-60 (depends on the day we make the high) with possible stretch to 4308-30SPX. Failure to close the gap at 4300 will be a huge sign of a much bigger correction ahead.
So regardless of the outcome I see lower levels (double bottom if we stretch into the 4308-30 zone) by Oct low.
Im only short few ES, those are under the water, I will be adding tomorrow and stay short over the weekend.
Expect the market to move and get some volatility from the next week.
Looking to be out from short position and flip long mid month and my timing for the low is 16th of Aug.
Tomorrow is the directional change day, the price should start moving into Tuesday, up into Thursday and final move lower on the 16th.
Main support for the next week is 3992SPX, then 3939SPX
Ideally we gap and crap tomorrow into the resistance cluster mentioned above, it might just gap down.
I have 2 pathways going into the mid of the month.
- 5 waves up, then the 4th wave should be limited to 3930-40 and might even get to 3985-92 only. 3910 MUST hold on any test for this count to be alive. It means next 12-13 days will be less volatile move lower and limited.
- Much deeper B wave down to ideal target zone of 3850+- to even 3800-10. This pathway has higher odds as we have volatility rising from the 8th all the way to the 15th.
Also tomorrow is picking up as a volatile day, I wont be surprised the first gap of 4091.19 penetrated by tomorrow or Fri am. There is a chance that the second gap of 4072 will be filled as well on this move down. Ideally we see that low Fri am, then end the week with a rally into the close to trap the bulls and gap down on Monday.
We didn't see a move lower today, so the gap fill to watch for tomorrow going into Tuesday
I have a good resistance cluster for the end of the week from 4158 to 4177SPX. Max stretch I see is 4200 but might not be seen till after the mid month low.
Ideal target is 4225 and 4255-60 (depends on the day we make the high) with possible stretch to 4308-30SPX. Failure to close the gap at 4300 will be a huge sign of a much bigger correction ahead.
So regardless of the outcome I see lower levels (double bottom if we stretch into the 4308-30 zone) by Oct low.
Im only short few ES, those are under the water, I will be adding tomorrow and stay short over the weekend.
Expect the market to move and get some volatility from the next week.
Looking to be out from short position and flip long mid month and my timing for the low is 16th of Aug.
Tomorrow is the directional change day, the price should start moving into Tuesday, up into Thursday and final move lower on the 16th.
Main support for the next week is 3992SPX, then 3939SPX
Ideally we gap and crap tomorrow into the resistance cluster mentioned above, it might just gap down.