Today is series s1H and the SPILL PRESSURE is DOWN 769% with UP 21%–by the time you read this much of the day 2 gauntlet of the 3 day gauntlet will be ‘in the mkt’ with Drahgi and the Bank of England already done.. Yesterday was VERY INFORMATIVE– it PROVIDED the first Place where all of BLUE(5) could be completed on an ascending triangle and the FLIP SIDE is a messy ‘running correction ‘(very bullish -see daily charts in 2005-2006 for same look)..THE BANE , biggest pitfall of all MEMBERS OF THE PENCIL AND ERASER SET is counting too fast…so, it is possible that the 1 min chart lableing the ascension of the rally from minor 4 LEAN at 1670.5 SPOO/1676.03 SPX may be off by 1 set of a-b-c’s to seal the triangle AND if it is a running correction then we are about to accelerate VERY RAPIDLY to the 1700’s — NOW on the downside we have been using the 1653 MUST BE converted to HARD RESISTANCE to assign (5) but yesterday does this: assign the COMITTED at the 1673 SPOT and the CONFIRMED at 1647 SPOT–over head move the 1705.5 SPOT to 1708 and add a SPOT at 1702.5–so the string is 1697, 1702.5, and 1708 >> this is because of the change in FIBBO WEBS and the fact that the FV when 1705.5 was assigned has denigrated —a real blow
out (running correction) accelerates through 1714 SPX which means the 1711 SPX goes outside the margin of error..SPOTS TA ROUNDIES..fwiw all prices above 1687 cash (the billy high may 22) are extensions and additives as there are no retraces so the SPOTS are being tweaked due to TIME VALUE and FV– you can see that at work on the 1693 SPOT CLEARLY as it was tied by F V to the cash roundy on assignment …SPOTS TA AND ROUNDIES.ps, in the heat of FOMC BATTLE , did not have time to get enclosed chart out to everyone -it is the chaRTt referenced above from yesterday.
By William Blount
FV -4.48 NUMBAHS S1H 08/01/ 2013 SEP. contract
DAILY WEEKLY
PIVOT 1684.9 1683.8
S1 1675.9 1673.2
S2 1671.2 1660.0
R1 1689.6 1697.0
R2 1698.6 1707.6
MAX H 1703.3 1720.8
MAX L 1662.3 1649.4
Range Projections
1673.6-1687.3 Primary 1666.6-1690.4
1680.4-1694.1 Alternate 1678.5-1702.3
TVS
1693.9 HIGH 1694.3
1683.6 LOW 1699.7
TWO DAY
1700.3-1703.9 HIGH
1670.4-1674.0 LOW
OPG 1685.2 1690.0
H 1694.0 1694.3
L 1680.3 1670.5
C 1680.5 1686.5
