Today 9/12/17 the SPX went marginally above the target zone listed in my last post.
The reason - post triangle thrust up impulse wave extended.
The SPX closed the day on an uptick near or at the high of the day depending on what
quote service viewed.
Most of the time there is upside follow through on the next day.
CAUTION! ***** If the SPX opens up on 9/13 the rally may only last one minute.
And I suspect the SPX could top just below 2500.00
Today both the DJIA and IXIC failed to make new all-time intraday highs. Very bearish.
The star of the day, AAPL never exceeded its all-time high, and close in the lower third of its daily trading range.
Intraday AAPL decline looks like a pure impulse wave down.
FB, AMZN, NFLX, and GOOGL failed to make new highs. Very bearish.
Bearish divergences on 15 minute RSI and MACD. Very bearish.
If the SPX tops on 9/13/17 below 2500. I expect this could be the start of a mini crash to SPX 2120 - 2160.
Bulls-eye target for mini crash bottom is 10/16/17 - based upon the 34 day mini crash phenomenon that I've discovered.
Opening down at the open 9/13/17 could mean high is in place as of 9/12/17
Mark
The reason - post triangle thrust up impulse wave extended.
The SPX closed the day on an uptick near or at the high of the day depending on what
quote service viewed.
Most of the time there is upside follow through on the next day.
CAUTION! ***** If the SPX opens up on 9/13 the rally may only last one minute.
And I suspect the SPX could top just below 2500.00
Today both the DJIA and IXIC failed to make new all-time intraday highs. Very bearish.
The star of the day, AAPL never exceeded its all-time high, and close in the lower third of its daily trading range.
Intraday AAPL decline looks like a pure impulse wave down.
FB, AMZN, NFLX, and GOOGL failed to make new highs. Very bearish.
Bearish divergences on 15 minute RSI and MACD. Very bearish.
If the SPX tops on 9/13/17 below 2500. I expect this could be the start of a mini crash to SPX 2120 - 2160.
Bulls-eye target for mini crash bottom is 10/16/17 - based upon the 34 day mini crash phenomenon that I've discovered.
Opening down at the open 9/13/17 could mean high is in place as of 9/12/17
Mark