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SPX: here’s an updated chart showing STD sequences (which I hope I have got right). Yesterday was ‘day 1’.
SPX might be trying to form a triangle sideways, but this is not confirmed by Dow or RUT which have both shown lower lows (slightly). Of course triangles can be ‘irregular’ and this might apply to Dow (or not).
Looking at SPX, and as yesterday was ‘day 1’ one can assume that some sort of rally might take place for this STD sequence, perhaps a B wave or another part of a triangle. Impossible to tell of course.
My suggestion that this might be a ‘long and flat’ 4th wave appears to be coming to fruition. More time is needed to correct the oscillators on the daily charts.
The logical targets remain SPX 2970, Dow 26,700/800, RUT 1540.
Monday Dow looked like S1H and if so S2L today
with the am ‘l’ then rally into the close.It would help if euroland took Dow futures
down to 27000 in the next hour.Then we see if Dow cash plays out the same.
Never give up, never surrender.
German data this AM which will be watched for further
signs of a recession in euroland one time powerhouse.German car makers on short time !
Even the ECB QE has made no visible difference 11yrs
on from Credit Crunch IUS stocks in a last throw higher to new aths seems
to fit where we are now.Never give up, never surrender.
Outlook unclear.
Dow 27000 – 27100
We wait for the mini range break.
Never give up, never surrender.
Monday Dow looked like S1H and if so S2L today
with the am ‘l’ then rally into the close.Dow looking like S2L heading down into pt3 am ‘l’ and
what happens after that could be fireworks !In normal times the fireworks would be upwards but
we are not in normal times, so who knowsNever give up, never surrender.
Plenty of downside for hatman to count.
I will stick with Dow 27650 and 6th October.
That date is a sunday so friday 4th which
is an S4 may be the top.Never give up, never surrender.
Good Morning Cimac and hatman et al
Sorry have been AWOL as dad sliding down fast so being by his bedside as 2our parents our real and true wealth”
HAve not forgotten Cimac/hatman will definitely reply to emails
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Dow and RUT hit my downside targets. SPX exceeded the target of 2970.
Today is S3. Yesterday was S2. This suggests the correction isn’t yet over even though the target areas have been met. I don’t know much about STD but I assume the trend will continue until the four day sequence comes to an end.
Here’s a chart for SPX daily. Wave 4 was expected to be long and flat. The current price action fits with that, and can be a larger, longer triangle type thing.
We are in the final phase now and so we can expect
more smoke, mirrors, tweets, than we have ever
seen in this bull(shit) market. imho.Never give up, never surrender.
Today is S3. Yesterday was S2. This suggests the correction isn’t yet over even though the target areas have been met. I don’t know much about STD but I assume the trend will continue until the four day sequence comes to an end.
With STD many think…
…
S1H S2L S3L S4H is thought to be bullish
and
S1L S2H S3H S4L is thought to be bearish
…
IF and only IF all pts are ‘normal’ then yes.BUT STD is all about timing not price and so
the market can drop on S1H and rally on S1LNever give up, never surrender.
Good Morning Cimac/ Hatman et al
Good Luck to us all
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
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