Rcks - Yep, it inched a little closer. The Bear gap has narrowed to -1.01, today the Daily Phase 2 put in it's 5th high, that is the average. So now the Daily Phase 2 is starting to get due for a Phase 1, unless the Monthly can extend it.
Mid Oct type trading imo Today was a near identical trading pattern to the Max Pain rally day mid Oct when SPX retested 1190 for a double bottom buy at support. In my opinion we either mirror the recent bowtie or the diamond from mid Oct here and break to the upside. I think that would be in line with Tom DeMark looking for a top near Dec 22nd and Bradley turn date Dec 28th. We should at least get 8 more days of whiplash finishing with a spike high like Oct 27th, but could be a doji followed by a steep selloff rather than a bullish day. So personally I think today will be the middle day to a diamond pattern similar to mid Oct Max Pain rally day, we shall see. If you still have the diamond pattern trading chart you might want to post it. Good Trading!
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