Replies to post #302856 on SPDR S&P 500 (SPY)

[nowwhat2]

Will that be a clonk back to 248

Ha-ha-ha - Not necessarily - Look !........* Although, this could get confusing so just skip to bottom chart





Now here's where things could get confusing (for you)..... Y'see, The "Sneaky Decider Line" here ought to be be lower !.....
What it ought to be instead, is The S&P Equivalent Line (see 2nd from bottom bottom chart)








What it ought to be instead, is The S&P Equivalent Line, which as you may recall looks like this (The Black Clonk ! Line) :






Now, what those're becoming are WEAK Clonk Lines !.......






So The "Strong" Clonk (if there actually now even PROVES TO BE one) will take place AT THE JPM (& S & P) GAP FILLS









See top chart "Next day close".......It equates with S & P being above its' Line :








See what I mean ?.............Confusing isn't it






Hence Bottom Line = Simply this :






Here's where Tokyo comes in handy (anything above 18,000) is snorting ;





That's all one needs to know for now.....Except WAIT !





What if the Nikkei skies up over 18 tonight (which it almost certainly will).......




What if all THAT does, is close the S & P Gap ?........PLUS shoots the JPM up to its' $90 ?




Might have to wait until Monday to find out ?




Actually THAT could perhaps very well be.