good morning – today is series s2H NORMAL and the SPILL PRESSURE is DOWN.Ok, there is 1 chart in the BOX–same ole same ole 5 min SPX. Last Thursday the following was provided :
-I do not have time to take them to 5 digits exactos today but here are the current critical targets for red (5) : DOUBLE TOP , 1993-2007 , 2014!!!!!, 2017, 2023.,2028, 2035-2070 BUT specifically 2050.5 and 2064.14 (exacto)..
The last time we had anything that looked like a blow off was in v of (3) of BLOOD RED 3 on the
195 XP in your box last week that was titled STERN WARNING -it is the move from 1536.03 APRIL 19,2013 cash to 1687.18 CASH on the MAY 22, 2013 BILLY.
The BANDS such as 1993-2007 have fibbo targets at each end of the BAND and often lesser fibbos in between.Another such band , and for the same reason as the one cited is the 2050.5 -2064.14 and that tight ban resides within a loose band of 2035-2070.UNLIKE TIMES when you can pinpoint a SPECIFIC PRICE such as the MIRABELLA 1811, BEN 1762, the CHINESE CATALYST, the NOSEBLEED LOW, sometimes you have to contend with things like the 1808.5 low which was the upper end of a BAND 1794-1908.5 These nuances are created by
prior action, in this case these two prices : 1883.57 cash and 1897.28 cash.
RIGHT NOW price is in the lesser zone of targets created by the rally from 1737.92 (the nosebleed low) to either 1883.57 or 1897.28’ the first pass at the lower lip 1993 cash had significance to that structure as well as an internal fibbo target created by the 1904.78 cash low.
WHAT NEXT ??? We are trying to nail down BLOOD RED 3 , a high, to be followed by BLOOD
RED 4 DOWN then UP to Blood red (5) ..The drop From Thursday high looks to shallow to have been BLOOD RED 3 and looks best as iv of 3 at FRIDAY low or an even LESSER 4th. THE BEARS aint got nothing unless they can kill 1961.5 YELL FUTURES to 1963 SPOT before I can count a completed blood red 3 .
Bears will salivate over 666.79 x 3 and the BIG ROUNDIE 2000 AND they must get something that looks like a usable 5 up from 1904.78 BEFORE price take out 2014 CASH –the cash prices with all the exclamation marks –yes, Virginia same as it was on the way up from 1814.36 to 1991.35
SPOTS TA ROUNDIES –ps-for all those who though the 1973, 1978 SPOTS were going to be a TOP ,those SPOTS are now FIRST DECENT LARGER SUPPORT,as expected.
FV -2.76 NUMBAHS S2H NORMAL 08/25/ 2014 SEPT 2014 contract2