STD Red Week (July 9-13)

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

www.chartsedge.com

www.alphee.com

www.cyclelt.com

www.danericselliottwaves.blogspot.com

"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]

www.ttheory.com

www.astrocycle.net

STD Yellow Week (June 25-29)

This coming week will be a Short-Term-Delta Yellow Week with a yellow Monday and a yellow Friday. Last Friday, June 23rd, the SPX closed near the day's high and we expect the STD-pattern to continue without inversion. Then this week should be tracing out some sort of a choppy W-shape. And according to the STD-Theory Monday-Tuesday should repeat last Thursday-Friday:

DOWN from a Monday (June 25) morning HIGH (high of the week) into the close of Tuesday June 26 (low of the week).    

This pattern makes sense even more since last Friday was a NR7-day (see HERE). However, other cycle projections suggest that the week's pattern would be as follows (see HERE + HERE + Mike Korell's ChartEdge-forecast below):

chopping up into the week's HIGH on Tuesday June 26, from there hard down into the low of the week on Wednesday June 27, a turn day

The Weekly Pivot-Point and Support-Resistance-Levels for the E-mini S&P 500 September are: 

R3 1,352.75
R2 1,344.25
R1 1,340.50
PP 1,335.75
S1 1,332.00
S2 1,327.25
S3 1,318.75
S4 1,310.25

STD Blue- and STD Yellow-days and -weeks are choppy and reportedly hard to trade, and some ST- traders recommend to go fishing instead. This notion is supported by the forthcoming Astro-Events suggesting potential CITs for almost every day:

2012-06-23-26 (Sat-Tue) = Tidal CIT
2012-06-25 01:42 (Mon) = SAT (D) = Merriman Level 1 - Turnday
2012-06-25 02:25 (Mon) = JUP 90° NEP = Merriman Level 1 - Turnday
2012-06-27 00:00 (Wed) = MAR 90° Galactic Center
2012-06-27 10:05 (Wed) = VEN (D) = Level 1 = Merriman Level 1 - Turnday
2012-06-28-29 (Thu-Fri) = Tidal CITs
2012-06-29 00:00 (Fri) = AI-CIT - Value = 7
2012-06-29 09:44 (Fri) = SUN 180° PLU = Merriman Level 3 - Turnday
2012-06-29 15:00 (Fri) = SUN 90° URA  = Merriman Level 1 - Turnday

www.chartsedge.com

www.alpheefinance.com

Tony Caldaro's Weekend Update (June 23, 2012) 

www.caldaro.wordpress.com

The recent rally from SPX 1267 to 1363 started off impulsively as it was unfolding. We were expecting the rally to reach either the 1363 or 1372 pivots in a five wave sequence ahead of the FOMC meeting. The pattern, unfortunately, looked like three waves on tuesday as the FOMC began. After tuesday’s high, and wednesday’s volatility, the market sold off on thursday to SPX 1324. This selloff overlapped the first rally from SPX 1267 to 1329/36. This made the entire June rally look corrective. As a result we have labeled the SPX 1267 low as a wave A, and the recent rally as a wave B. The most probable scenario suggests a wave C is underway to either retest the June lows or make a lower low in early July.

Dan Eric's Elliott Wave Update (22 June 2012)
www.danericselliottwaves.blogspot.com 

It would be ideal for the wave structure if Monday made a quick lower low beneath Thursday's low prior to any retrace into 1346 - the bottom of wave i. This would complete a small 5 wave pattern down from the recent rally high peak of 1363.46.

SPX vs Delta - VIX - Tides - Astro-Indicators - EW

Roadmap:

2012-06-26 (Tue) = High
2012-06-27 (Wed) = Low
2012-07-03 (Tue) = High
2012-07-04 (Wed) = Low
2012-07-30 (Mon) = High
2012-08-08 (Wed) = Low
2012-08-29 (Wed) = High

The Option Strategist Weekly Updater 6/22/12  
http://www.optionstrategist.com/blog/2012/06/weekly-commentary-6222012  
The stock market had just about everything going for it in technical terms this week, but then the fundamentalists delivered a nasty blow today (Thursday, June 21st). Technically $SPX is just below the support level of 1330-1340.
Equity-only put-call ratios remain on buy signals, despite Thursday's large decline.
Market breadth was very poor on Thursday. As a result, both breadth oscillators registered sell signals.
Volatility indices ($VIX and $VXO) were the last indicators to turn positive earlier this week. That occurred when $VIX fell below 21 on Monday and then proceeded to drop to 17 by mid-week. As we have been saying for some time, $VIX above 21 is bearish for stocks, while $VIX below 21 is bullish.
In summary, the technical indicators remain bullish, except for breadth. We are going to give the upside the benefit of the doubt. But if $SPX should decline further, or if $VIX should close above 21, or if the put-call ratios should roll over, then we would have to relinquish our currently bullish stance. 

Tony Caldaro's Weekend Ppdate (June 23, 2012) 

http://caldaro.wordpress.com/2012/06/23/weekend-update-350/

The recent rally from SPX 1267 to 1363 started off impulsively as it was unfolding. We were expecting the rally to reach either the 1363 or 1372 pivots in a five wave sequence ahead of the FOMC meeting. The pattern, unfortunately, looked like three waves on tuesday as the FOMC began. After tuesday’s high, and wednesday’s volatility, the market sold off on thursday to SPX 1324. This selloff overlapped the first rally from SPX 1267 to 1329/36. This made the entire June rally look corrective. As a result we have labeled the SPX 1267 low as a wave A, and the recent rally as a wave B. The most probable scenario suggests a wave C is underway to either retest the June lows or make a lower low in early July.

Elliott Wave Update ~ 22 June 2012 

http://danericselliottwaves.blogspot.de/2012/06/elliott-wave-update-22-june-2012.htmlIt would be ideal for the wave structure if Monday made a quick lower low beneath Thursday's low prior to any retrace into 1346 - the bottom of wave i. This would complete a small 5 wave pattern down from the recent rally high peak of 1363.46.