Short

SPY correction 14%

Updated

Based on intuitive signs and also market driven information (Jim Dalton's teachings) as well as my own dowsing methods, I am going to suggest the indexes are in for a correction. I'm getting SPY down to $364 via dowsing and my own intuitive = $375. I split the difference at $370, and my dowsing suggest a 14% move down = $362.
This may take some time, but I guess we'll see!
I did this for the crash last year and got that we'd be down 28%. It went 34%, so that wasn't bad. But, I've also gotten guidance of other corrections that didn't materialize. I think I'm improving with practice though, but very slowly.

Note

Finally! This pop is what needed to happen to clean up the stops on the upside and complete the auction and demonstrate "excess supply".
This reversal down is what to watch now and see if there is acceptance under 4235 or so on /ES. Not only is this a return to the "scene of the crime" on news, but it went up on lighter volume and ADV/DECL has been trending down hard.
Down volume from 10:00-10:30 actually decreased, so this could still be just an inventory adjustment, but the upside is mostly clean except for selling at the psych level of 4249, one tick from 50. We'll see

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This one is so annoying... I'm wondering if the sign was 3 weeks from the date of the bear? That would equal today and it's fed day.
That said, my dowsing is suggesting that really, all that's going to happen today is a spike down and return back up and continue an uptrend.
I'm pretty confident this will happen and the level on the /ES I received is 4223.75

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wow I just posted this and the /ES is already making it's move down. Now at 4240.50

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So ES went all the way to test 4200 the day of my last post. It's hit 4185, but we're switching contracts. New one is at 4163.50 atm.
HO-LY COW. I'm rather impressed that the 3 week (EXACTLY) date came through. This is really wild stuff. I had also received messages about bubbles, "suds" and even the stock FIZZ (I interpreted wrong) and think it was a suggestion of frothiness in indexes. IDK what else it could be.
I could see a pop today to sell into and just ride it down.

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Certainly a significant rally today up 58 SPX and 90 from overnight low. It really seems like short covering only as there wasn't a lot of extension and no increasing NYSE volume. My dowsing says to sell rallies and that this is a short term trend reversal.

JenRz

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