SPY Sell Rally... 4.1% Correction from High
Updated
I've been busy looking for a scenario to get clear on this S&P. I'm a dowser and have had good success in a lot of readings, but am definitely getting better lately.
The situation I'm getting is we DO NOT get above yesterday's HOD. That is the high and to be short from close to there (which we are now) including overnight tonight. I've consistently received that this is a 4% correction (at least for now), and the low may be in the next 9 days = next Friday. I'll update with more as things play out.
The situation I'm getting is we DO NOT get above yesterday's HOD. That is the high and to be short from close to there (which we are now) including overnight tonight. I've consistently received that this is a 4% correction (at least for now), and the low may be in the next 9 days = next Friday. I'll update with more as things play out.
Comment
I usually am looking at /ES, and made a mistake since this post is about SPY regarding the HOD. I was referring to the /ES high yesterday that was before the open at 4479.50.Market is closing up there atm, so maybe I'm dead wrong. I guess we'll see!
Comment
I know shorting this market isn't easy. Expect a high near /ES 4492.75.I did have a scenario today for a reversal, however, I didn't know about it till this morning. The ledge forming around the /ES 4478-83 needs to get traded over... The "story" I have for tomorrow is to expect a mostly positive overnight with a test on the opening below or near the overnight low at which point there is a rally and move to around 4492.75. I have high odds this is the high and we go back down, however, I'm not sure how far or fast since it's so choppy. It's easier to ask day-by-day in this atmosphere.
Comment
So, the scenario didn't play out exactly the way I anticipated. It pretty much just dumped. On Monday as the S&P was dying an we were getting within sight of 4400 I suddenly realized I had been getting a zone in my reading (above) with the level 4492.75. I honestly didn't use the "hundreds" in my reading, so that freaking number was supposed to be 4THREE92.75!
4392.75 ugh.
What are the odds of coincidence when the low from that dump was 4393.75 and my number was literally one point away?
I've had this happen before where the target is accurate on the "cents", but I miss the whole dollar. I really don't understand this because the dollars move much slower than the cents, so odds of accuracy should be greater than the roughly 5-10:100 of cents if that makes sense.
At this point, the market should go up 4.5% from the low, which takes the ES to 4487. I love this technically as that area of 4478-83 STILL needs to be traded over to hit stops there. I'll post on ES when we reach that level. I do have timing for next Monday or Tuesday for a move down.
Comment
Oh, and the total down on ES was actually 5.3%, so I was wrong about the percentage, unfortunately.
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