Today is series s1H NORMAL and the SPILL is 79 up and 21 down. Yesterday’s rally failed to take out the 1657 SPOT or CLOSE ABOVE 1651.5 after successfully holding the LOW OF DAY from Monday at the 1642.5 ASTERISK SPOT. The rally looks to be the ‘’b’ wave we expected or a lesser 4th wave rally. PLEASE READ the COMMENTARY FROM MONDAY AND TUESDAY because if this was a ‘dead cat bounce’ THEN lower prices are going to print and the critical SPOTS on the string of spots are given. There is there 1635 cash that has too many eyes upon it and a large internal cash fibbo at 1631.99 cash just below -SO EYES WIDE OPEN on the SPOTS for risk markers, firstpasses and bearish slice and dices/negative back troughs’ know this is followed in the UK and in some other places but REMEMBER, BARBARA GRACE turns 58 on Friday with -.+ 1 cyclical dealio.
THE BIGGEST DEAL TODAY is going to BE THE LOW ON TUESDAY as to rather or not the rally was an itty bitty ‘a’ of 4 or lesser ‘a’ of the ‘b’ up-i.e. IT HOLDS OR WAS IT COMPLETED and we need to get more of a FLUSH DOWN as the low on Monday was rather droll in its’ attainment. OVERHEAD-THE BULLS NEED TO CONVERT 1651.5 to hard support AND GO AFTER 1660/61.5 (NO SPOTS there, but a critical horizontal chart resistance) that opens up moderately higher prices. THE BEARS STILL OWN THE CHART BELOW THE 1689 SPOT. SPOTS TA ROUNDIES –Written By: William Blount
FV -2.35 NUMBAHS S4L IFFY 08/21/ 2013 SEP. contract
DAILY WEEKLY
PIVOT 1650.1 1665.0
S1 1644.0 1636.1
S2 1637.3 1621.0
R1 1656.8 1680.1
R2 1662.9 1709.0
MAX H 1669.6 1724.1
MAX L 1631.1 1592.1
Range Projections
1647.1-1659.9 Primary 1628.4-1672.8
1640.7-1653.5 Alternate 1650.6-1695.0
TVS
1652.2 HIGH 1689.1
1644.9 LOW 1663.7
TWO DAY
1663.5-1667.1 HIGH
1632.7-1636.3 LOW
OPG 1645.2 1679.7
H 1656.3 1694.4
L 1643.5 1650.0
C 1650.6 1651.1
