Thought it worth updating all 3 charts and I note a mechanical low approaching on rut which I will also draw . Worth noting if we use percentage the numbers are a little lower than the 1932 spx target . And also added a day count which was 10 trade days in the first leg/range down and we are now at day 8 . Time is always plus or minus a day or 2 [when I do it lol] The low in the first leg or range down happened 5 days after the start of the month and u will note I've drawn in a day count for each of the previous months first x trade days . There is no definite pattern there but an old fut's rule of thumb is whatever it does at the start of the month the trend is opposite . ie ; see 5 days down and it went up for the month which happened twice [ May and August ] But to me and although these patterns have existed for years it is NOT DEFINITIVE enough for me to call it .
and we are now at day 8 . Time is always plus or minus a day or 2 [when I do it lol] The low in the first leg or range down happened 5 days after the start of the month and u will note I've drawn in a day count for each of the previous months first x trade days . There is no definite pattern there but an old fut's rule of thumb is whatever it does at the start of the month the trend is opposite . ie ; see 5 days down and it went up for the month which happened twice [ May and August ] But to me and although these patterns have existed for years it is NOT DEFINITIVE enough for me to call it .
