Short Term Trading Member Forum

[mr_cash4]

BACK!! - and, imho, here is the sell-off into the next 5-week cycle low (ideally due Wed) as DJIA and OEX have already taken out their 11/22 lows, and all indexes have broken their 3-3.5 day cycle FMAs/FLDs to the downside, and SOX/SPX/OEX/DJIA have taken out their 6-7 day cycle FMAs/FLDs to the downside as well.

SPX preliminary target 1161 +/2 2.5 pts based on 6-7 day FMA/FLD, waiting for NDX to break its 6-7 day FMA/FLD (probably tomorrow) to see what preliminary target it generates (the preliminary target based on 3-3.5 day cycle FMA/FLD is about NDX 1550 +/- 5 pts, so, imho we should get to at least NDX 1555).