FOR TUESDAY: (9/18) Stocks down a bunch in the night session as the reality of the tariffs sets in. Should at least spill into Tuesday and maybe Wednesday. Cycles are volatile and something unexpected involving the military or natural disasters around earthquakes could develop within the next few days, and it has been tense with hurricane and tornadoes.
DEC. E-MINI S & P 500
S & P ANALYSIS FOR TUESDAY: (9/18) First target came in at 2899.50. Market needs to take out 2888 quickly to fall deeper; otherwise, a 5th- wave up to 2923 would manifest. Cycles are still weak overnight so we’ll lower stops in the morning and give it a chance to fall apart. In an ideal world, we would like to see a 53-point drop from the highs, which would be 2864, but that could take time. Cash gap filled and more with lower cash support to 2975. Some of the more difficult cycles of the week are present into Wednesday but shorts don’t work for very long.
CYCLE SYNTHESIS: Lower into Tuesday, possibly Wednesday; higher into Sept. 18.
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