FOR THURSDAY: (7/12) Watching overnight carefully but inclined to think that stocks will be higher and not done until 2820 comes on the S & P. Metals look lower for a few more days and oil should be done within a day. Reversal coming next week but not sure why.
SEPT. E-MINI S & P 500
S & P ANALYSIS FOR THURSDAY: (7/12) Weird day on Wednesday. Minimum pattern completion came in at 2765 on Tuesday night and the market didn’t confirm that it’s done or that we will see the lower end to 2758 but it doesn’t have to happen. Fifth wave up projects 2819.50. If the market behaves overnight, we probably will be a buyer on Thursday.
CYCLE SYNTHESIS: Higher Thursday; generally higher into July 18.
