Good Morning – Today is SERIES S3L and the SPILL is UP… So many things came together yesterday, that it is tough to get all the important aspects together in a logical flow but I am going to give it a shot… First today will go SPILL HIGH (residual or real), a.m. low, mid a.m. high, lunch low, mid p.. High, last hour low… Moving right along…
At the NEW ALL TIME HIGH on Tuesday we were in the throes of a 15 day highly compressed TONE bracket. Looking for a CATALYST and PRICE RECOGNITION basis pre-identified prices as to rathe we would correct or finally liift past 2400 cash and move into the next band of resistance : 2409-2439.5 cash centered on 2424 cash with two itty bitty fibs at 2415, 2421.From the Bear perspective we were looking for a 5 wave top on the 27 min BULL or an EXPANDED Flat “B” wave higher high than the March 1 TRUMP SPEECH high at 2400.98 .The Blood red ‘B’ has also shown a steep drop thick blood red trend line pointing down on every presentation.As each successive grind higher in the bracket , beginning 4/26 occurred, the “B had to be shifted further in time.It also was shown as possible wave highs on the BULL 27 min in green. ..NEXT AND MORE
Also, since March 1 2400.98 cash high we identified two expected drops to occur SOON of 34-72 handles (actual 78) and 17-34 handles (actual 19) .. Regardless of which of the two choices played out , green 5 up or blood red ‘B” . BOTH TEAMS would want a DROP to ensue upon termination of the rally.
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