Replies to post #49592 on Short Term Trading Member Forum

[Oddlot]

SPX obj 2835-2850 for 9day cycle.

After the early dip, the FLD(4.5) using 10min data was crossed at 2791. Using a short term CMA plus dpo to calc a synthetic low, I get 45-57 pts between the crossing and the "low" and thus the swing up to 2835-2850.

This estimate is for the 9day cycle and I expect the oversold condition to have moderated, but to not yet be "overbought" at that time.

Oddlot