Today is series s2L SLIGHT IFFY and the SPILL PRESSURE is UP. Ok, now that the Plundering on the Potomac is sorta behind us WHAT NEXT? This run off the 1640.5 SPOO LOW,1646.7 CASH low has gone the maximum distance in retrace values to the 1618.35 /1622.35 CASH high with the actual high thus far 1621.75.Yesterday we went through 1702.5 BIG SPOT ushering this part of the rally to test. or best the highs The BEARS don’t regain control of the chart until 1657 SPOT is killed.The counts, all of them are still alive AND the wedge aka TO HOP AND POP or TO TAG AND REVERSE is still sitting out there like festering sore.
A buy the rumor (1640.5 to 1716.7) SELL the NEWS play is anticipated by the BEARS. The BULLS don’t even break a sweat until 1702.5 is smashed again and the BEARS don’t do bo diddley until the 1681.5 UNRECOVERABLE SPOT is tagged. The first thing is :the BEARS MUST STOP THE BULLS from ‘drifting up into the next FOMC’ and the WEDGE PLAY which would play out as a blue 5 or another expanded FLAT (if we run the DOUBLE TOP 1729.86 cash/1723.5 SPOO and then SPLAT) on defense and the BULLS need to hold the 1702.5 SPOO..Those are the defensive parameters at least through the end of EXPIRY TOMORROW FOR BOTH CAMPS..Use 1720 SPOT down to 1702.5 SPOT and work in..If we get the attempt by the BEARS for the SELL THE NEWS then whoever IDENTIFIES the a.m. low if the lean is right gets the kewpie for a long play and if I have it wrong then expect the bears to SELL the a.m. high…SPOTS TA ROUNDIES..
FV -5.26 NUMBAHS S2L slight iffy 10/17/ 2013 DEC. contract
[table]
DAILY , WEEKLY
PIVOT 1710.3 , 1679.6
S1 1703.9 , 1659.9
S2 1694.8 , 1620.8
R1 1719.4 , 1718.6
R2 1725.8 , 1738.4
MAX H 1734.8 , 1777.8
MAX L 1688.4 , 1601.1
Range Projections,
1707.1-1722.6 Primary , 1669.8-1728.6
1699.4-1714.9 Alternate , 1640.4-1699.2
[/table][table]
TVS,
1716.3 HIGH , 1691.2
1713.3 LOW , 1644.2
[/table][table]
TWO DAY
1721.2-1724.8 HIGH
1693.1-1696.7 LOW
[/table][table]
OPG 1702.0 , 1669.2
H 1716.7 , 1699.3
L 1701.2 , 1640.5
C 1713.0 , 1699.0
[/table]
