STD Red Weeks are trenders from Tuesday open to Friday open. Monday and Friday often reverse the Tuesday - Thursday trend. So this STD Red Week's pattern should be
- down into Tuesday AM around 11:00 - 13:00
- reversing Monday's loss by rising up from the Tuesday low into Thursday 10:00 +/- 1 hour.
In case one is short, don't hold longer than Tuesday open, maybe close out near the close on Monday. If a convincing move, reverse the trade some time Tuesday.
The bias of the S&P 500 in the Election Year Seasonal Chart is up.
US stock indices are expected to rise into July 18 (Wed).
2012-07-17 02:57 (Tue) = VEN 45° URA [helio]
2012-07-17 06:13 (Tue) = MER 60° NEP [helio]
2012-07-17 07:42 (Tue) = MAR 120° JUP = Level 2
2012-07-17 14:59 (Tue) = MAR 90° PLU = Level 2
2012-07-18 00:00 (Wed) = New Moon
2012-07-18 21:36 (Wed) = MAR 180° URA = Level 1
2012-07-18 18:34 (Wed) = MER 90° URA [helio]
2012-07-18 18:36 (Wed) = VEN 45° PLU [helio]
2012-07-19 16:33 (Thu) = MER 0° PLU [helio]
More info on the Mars-Uranus Crash Cycle HERE + HERE
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"The uptrend has progressed from SPX 1267 to 1363, Minor wave 1. Then
pulled back to SPX 1309/10/13, Minor wave 2. The recent rally to SPX
1375 looks like Minute wave i, with friday’s 1348 low Minute wave ii of
Minor 3. While a further pullback for Minute ii is possible we think
it’s unlikely at this time since the market did get quite oversold. Once
the SPX clears the 1358 level we believe the uptrend should resume to
new highs. ... Short term support is at the SPX 1342/47 area and then 1334/38. Overhead
resistance is at the 1363 and 1372 pivots. Short term momentum hit
quite oversold on friday before rebounding toward neutral. The short
term OEW charts remain positive with the swing point still around SPX
1350." [www.caldaro.wordpress.com]
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