thursday take off, page-50

Going a bit deeper into this recent move up in the SPX, after Tuesday's sell off the index traded below the 1/4 level for most of the day so if it trades below that level again that would be further confirmation that this move up is not a strong move up. Its not strong move.

Seeing the move up in the US as not a strong move would explain why we're not at 3940 yet (lol).

The similar patterns on the daily SPX leading up to and especially 10 / 11 June and now last Friday, Monday and especially Tuesday and Wednesday support what Laundry is saying as well.

5/8 would be a usual place for the move up to stop as well.

As for time, Friday is 1/4 of 90 days from high so could also fits for a turn down, give or take a day.

So a move down would start tomorrow night (giveo r take a day) then if that's all accurate analysis.

By the way I like looking for exhaustions into highs and lows and what happened after our close on 30 June would qualify that as an exhaustion into the high.

Suggestions the move up is done in Aus and v. close to done in US. Okay now my head is out on the chopping block :)))