3 drives to a high?

This 60 min es chart looks like a textbook 3 drives. If we get a trade down to number 4 on the es the SPX will be put in a corrective mode. My 888 is here or 720 degrees up from the low 666. Lets see what happens.

Levels

This is a weekly chart of the SPX with the different square levels. I have stated that I thought we would get to 888 or the 720 degrees up from the highs. Could we see that tomorrow on some Fed spin? I believe that this would constitute a marginal new high failure as I believe we are in a down cycle that started in the first part of April and should conclude in late May early June.

Shorting the market here

3 small head and shoulders patterns inside a larger one. Im short here stop at the highs. We are also having an ORB test/break on the es now as well as GS...looking for aapl to do the same. I'm short aapl here

SPX

As I have said many times News breaks with cycles. I included a chart of the ES today and what I'm watching. A trade back below the the bottom of the triangle would set up a triangle pendulum sell sig.

EOD chart revisit

Dollar revisit

King dollar is trying hard....still looking for an upside break today. a 3rd tail was printed.

ORB

I was stopped out of GS...watching ES to break back into orb. AAPL breaking on the downside. Long SDS on the break

aapl and gs

shorting both here

King dollar

I'm looking for a dollar advance here with the two tails showing exhaustion and with an upper orb break and a confirmation over the train tracks I will short the spx gs aapl amzn and others... we will see

$

Gold has been bouncing back. The bank stress test today will be interesting to see how the dollar reacts here. Looks like the government printing press is is working overtime. Bears will be on the lookout for a Kaiser Souze pattern (a reversal of a reversal). I will revisit this chart later in the day. Bulls looking to close strong on the week. Going to let Mr. Marklet speak this am. Hit em hard!

AAPL

I'm short here...lets see if it plays out

AMZN

Watching AMZN for a late day telegraph of the earnings. Notice the potential for a power surge sell setup(3 lower highs)...we will see

ES chart revision

It looks like the 800 area of the es may trigger the angular rule of 4 breakdown. Notice the multiple head and shoulders formations (negative) on this 60 min chart. 830 break gets us going . 860 and we get Mr. bull back in the game. These are ES numbers not SPX. On the SPX a break of the 830 level or 540 degrees up from the low confirms this ES scenario. 835.57 turns the weekly chart down

ES

Thought I would put up a 60 min on the es(spx Futs) head and shoulders with a potential angular rule of 4 . 780 first target with a test of the lows to follow

follow up

Looks like everything is staying true to character. waiting for aapl now.

SDS

When you look at the chart of the SDS or SPX upside down we would be jumping all over this one as a good risk reward setup. SDS is on a gap fil so a long here with astop at the low looks good.

Backtest and at the 50% level

Looks like we are going to get a gap down off the Morgan Stanly numbers. A break of the trend line puts the bears in control. A break of the 50 dma puts us on track to test the lows. Cycles point for us being down into mid may.

We are on a 6 bar reversal from my target. looking for a test of the 20 ma on the 60 min. Lets see if the reversal comes in the last hour and 7th bar

Turnaround tuesday is at hand. typical reaction after the weekly chart turns down is a reflex in the opp direction....are we getting that now? Tomorrow's or an afternoon turn down below the 20 dma should get us going with the correction. the mirror image setting up is interesting.

If we have completed a swing high I thought I would post this chart to show the various levels to look for. Watching to see if we can get more than a 2 day pullback for a change in trend. If we are to stay in bull mode we need a healthy correction and a higher low. My thought is we test the lows into May and rally into Sep. and break to much lower lows after September. Also the weekly swing chart has turned down as well and the first in a while. El Toro is at a tough place. Hit em Hard

pretty close!

Repost of my 60 min chart on spx from Friday and idea after we have had the open. Will we get the rule of 4 breakdown?

4/21 is 45 degrees in time frrom the 666 low as 4/10 was 540 degrees in time from all time high. We are entering the 7th week of this run . Gann states the number of change/panic is 7. 889 is 720 degrees in price or two full revolutions in price from the low. This week should be interesting. Did we have an end of day telegraph as the direction of this weeks market on Friday? BAC is the last of the big eanings reports on Tuesday. News breaks with cycles!

revisiting this chart at EOD... Monday will be interesting

Possible rule of 4 breakdown on the 60 min with a rising wedge.

Good lesson as i stated below if we offset we push alot higher. Fast moves come from false moves.

If the HS pattern is offset a rule of 4 would get going and a trade to 870 comes. Break of the lower range 846.25 gets us on track to further pullback

Morning Gang!

It looks like the first distribution day was at hand. We will see if the 4/10 turn I was speaking of holds and gives us a significant pullback. Fins leading up and are telegraphing down. GS putting one over on the little guy at 123 and now all the techs are reporting. 180 degrees down gets us to 806 on this pullback

could we have a rule of 4 set up later this yr or early next?

are we done?

Morning gang!

Like at 944 when the market defined a high and the monthly swing chart turned up. 833 will turn the monthly swing chart up as well it is at the 540 degree mark or a typical change occurs. While we have already had a pullback from the 540 degree mark I believe we will turn up and the principle of reflexivity should happen. ( a knee jerk reaction in the opp direction). This is bullish and I'm still looking for 888 by 4/10 or 720 degrees. Same for my GS call to 118 or 720 degrees. Hit em hard

Gann levels

180 degree pullback is to 774 and 746 is a 270 degree pullback

3pt trendlines