which way monday, page-73

Looks like SPX opening with a big gap at 1102/3 area. Can it leave a big gap higher?

If you just take a EW view only then higher than this and especially higher than last week could be not just bullish but very so.

Why? To me our market had a 5 wave move higher from Nov 5 and a 3 wave move down.

So higher than last week and it is some sort of 3 of 5 with a 4 down and 5 up all of which would take at least several weeks but more likely 2 or 3 months.

Today's action left very few negative indicators although most are just only bullish.

Was the Armstrong low due as early as this Monday actually a breakout from Fiday's lows.

So this 1102/3 becomes the make or break point probably.

Yep, it would agree with my rally top around Dec 6ish but...