Up tomorrow imho...
The wave 3 down was not finished yesterday and completed today at precisely the 2.618*W1 fib level...fib BIG W3 from 1904 is 1783.57 and we hit precisely 1783.46 LOD today to finish the W3 down I thought finished yesterday...Then we got the W4 up correction mid day to 1812.81 actual where 1811.91 is the precise fib W4 so we are now in or have finished the final W5 down. W5's have not been completing lately and this one may be no different. If the W5 completes, 1765.91 or 1755.03 are my targets.
The futures are up 1.5 as I write this so we may get the bounce tomorrow off todays close. My guess is a lot of shorts holding overnight for the hoped for gap down...
Also, Put/Call ratio closed today at 1.06 so lots of steam in the pressure cooker. P/C's of 1+ have historically sparked a rally.
W2 up correction from current low of 1783.46 would target 1814.03/1832.94/1863.94.
The big move down in a W3 expected in October shouldn't occur till we get this upward correction...But then remember...
"The market can stay irrational longer than you can stay solvent..."
GLTA
A.
See ya in the mid 1600's by end October
all above imho etc, etc, yada, yada
"When all you have is a hammer, the whole world looks like a nail..."
