1286 1283 1280 1278 spx 1295 1297 1300 1305Protected Site is updated with
Intraday Staff As well
We hit the Resistance cluster
INDU 11423
NYA 8700
TRAN 4882
SPX was not part of it so it has next one at 1296 and
INDU needs to get over 11423 or ... DOWN
RUT/R2K support nicely at 689 Cluster Point/must hold,
this is also 61.8% FIB retrace of March/May Rally!!!10:17ET, The above cluster seems to start crumbling and DEAR LAGs QID looks good10:26 ET, TRAN is leading the market down , it has been leader lately. Bears watching very carefully, next possible turn 4778-4784 (support) now close!
10:54 ET, So far 4781.4 was the low smack in the mid of the support zone and holding up. Must support at this important level of 4778 area if we are to move up
11:05 ET, Bad hit for Tran below support next 4762 area and then yesterdays low at 4743
11:14 ET, at 1287
SPX has its own CLUSTER POINT and it is
alos the AP , so far holding on the strong side of the bunch
11:44 ET, Dear Readers,TRAN is hitting double bottom at yesterday's bottom and time seems to be close to possible turn cycle around 1145 +-5 minutes.
11:48 ET, well this is it, it is either a turn here or continuation strongly down, TRAN has certainly broken down, Remember this was a strong side of the market
fo a while
11:52 ET, we do have
possibe exhaustion indications, but it only gets confirmed by prices springing up and there is no sign of that yet,
No up candles anywhere11:56 ET, 4709.20 Direct hit on another Tran CLuster Point and Signs of White candle on Tran 5 minute chart.!!!, white candles showing up all over JPY , NQ, ES , TRAN and fractal trends could be ending at this time. Another must hold for TRAN.12:01, Tran registers 1st Higher high bar in 60 minutes time! HAVE WE HIT ONE OF THOSE GANN TIME AND PRICE CROSS?12:13 ET, Exact low bar on $TRAN , yes 11:53 ET, which was 8 minutes from the center of our time bottom forecast.13:27 ET, OK, market seems to have survived midday doll drums and JPY is above 106 ( FILAP) and The NQ and ES are attempting to break on the upside again, while TRAN has survived the important CLuster point low of 11:53 AM. Now is the time to rally or go down again. New lows from 14:30ET on will be disaster.14:43 ET, Ok We are not short, but At least We are not/should not be long in this market, and INVESTORS WERE ASKED to allocate away from STOCKS to ENERGY and GOLD. about 10% or so, few weeks ago. THIS IS TRULY a Capital Preservation Time. If market thinks it is strong then let it show us and we will oblige, until then extreme caution, Please. Until SPX/EMINI go above 1287 again, I would not consider, even short term bullish scenario , seriously.14:54 ET, 1274 on EMINI is a 62% FIB retracement of the rally from yesterday into this morning. Let us see if it holds any hope for bullish scenario. SPX has painted a Five wave decline from 8:00ET to 15:00 ET( now) and we are at the FIB retrace, action here warrants attention. Right below here is an FiveILAP for EMINI at 1272.50 approached at this point15:06 ET
, Both NQ and ES are at the 5th of the Volatile FiveILAP at this time. 1270.50 and 1838 resectively. High volatility APs are not distributed, Unless market shows high volatility, but for some reason they seem to at this point15:12 ET, we see the bounce in all again JPY NQ ES and TRAN. Watch carefully here.15:31 ET, Ok , those levels are getting violated on the downside, as this market gets uglier minute buy minute.
15:45 ET, today's trading seemed to be devoid of any much institutional presence, it seemed like only few traders were pushing prices from AP to AP without any springs for bounce up ( mostly).
, Does not mean immediate collapse, but mean dangerous for longs for too long
This SPX ASSET CHART shows the clear CAPITULATION STAGE in place
