confirmed wednesday, page-32

Is this the time to actually be long?

Not because things are looking sick as they are but because they are so close to turning negative.

The best times to IMO to be long is close to turning negative as that leaves the least loss available. Yes, and a positive result may be short lived.

Daily RSI is just holding positive, 5 day RSI is low but above 20 which maintains a positive bias, we have 3 days down and 2-4 is a standard reaction, Dec SPI is at 27 pts discount which is contrarian positive, etc.

Dynamics have weekly low at 3821 and daily tonight/tomorrow at 3824 and my key ma is similar.

We filled one lower gap today but now have two gaps above to 4031 on SPI.

So the market may continue to plummet and is what I suggested may happen when the correction came as a very sharp move, and it all depends on how one manages their positions.

Am I nervous, you bet!

The YTD price chart is in line with the average year model with June being the week month until Sep/Oct.

I do wonder if the big boys want a weak open tomorrow to switch to cheap Sep contracts. I wouldn't be surprised if they actually push the June contract up by silly opening stock prices then let it collapse and then buy with a vengance.