Monday 7/30

Sent to clients Sunday 7/29 at 11:45 am PDT.

Looking for a bounce; Monday should close moderately higher. At the very least, there will be a good attempt an intraday correction. Volatility likely to continue.

News: No scheduled releases. Traders may watch 1:00 T-Bill auction

Overall tone is much more positive this week than last week so gap up possible. One way to gauge strength of market is to watch for down after 7:19 am. This ought to take care of nervous nellies in the pre-market. If market can start to lift after 9:12 or so (probably earlier but watch direction as of 9:12) then open likely to be positive. An additional positive kicks in at 9:20 that should also help things lift on open. Expecting up from open to 9:39.

After 9:39 watching for down, especially into 9:52. After 9:53 is a significant influence but can go either way. If down, then this may limit upside on the morning. If markets move up at 9:53, then we're going to get rally because after 10:05 is definitely up. This should be able to lift markets despite the string of down hits listed which will probably be dips in an up trend. Watch for a top near 11:01-06. Expecting momentum to slow or turn down after 11:06, especially into 11:26. After 11:35 gets things going up again, and after 11:41 is a big move up. This is even stronger than 10:05 and is the best chance on the day for a significant rally. While things may slow down at 12:10 and dip into 12:18, positive could easily run all the way to 12:33.

On a good day up will even continue after 12:33, especially into 12:43+. Watch for down after 12:56, then another top at 1:02-08. If a lower high, then a bearish trigger. After 1:17 can go either way, but into 1:30 is strong up and will likely form another top. 2:05 is a key low. After 2:18 is more likely up and will lift indexes despite the down hits listed. Watch 2:54 for a key turn. After 3:10 is down, then the bulls and bears battle it out in the last hour. Up into 3:26, then a strong positive comes in at 3:29 which counters the negative period that begins at 3:10. Price will show who is winning.

Guess-pectations: LOD 9:52-10:05; key lows 11:26, 2:05, 3:03; HOD 2:55, key highs 11:01-06, 12:43, 1:02-08, 1:30, 3:26, close?.

Swing trading
With magnitude of last week's decline exactly the same as the one in late February and March (see chart), essential for the bulls to have a strong turn up Monday. Tuesday is down again and can be hard, then into Wednesday morning is down as well. Tuesday close or Wednesday morning will be the key low on the week. Depending on strength of move up on Monday, this can re-test or even set lower lows. However, expecting that it will be a higher or re-test low in overall move up. Wednesday closes higher, Thursday is strong up and key highs form Friday morning.

Key astrology price levels (beta) for Monday are 7 or 17 points up from any key low.

Longer term view
Expecting rally this week and even more up into mid August.

Time EDT	Ts	Hs	C	Comment
7:19 AM	5T-
9:20 AM	3T+
9:30 AM	6T-
9:30 AM	5T+			from 9:12
9:30 AM	3T+			starts 9:20, to 9:39
9:39 AM	3T-			to 10:14
9:40 AM		4H-
9:52 AM		4H-
9:53 AM	6Tm
10:01 AM		4H-
10:05 AM	4T++		*
10:10 AM		4H-
10:19 AM		4H-
10:39 AM		4H-
10:54 AM		4H-
11:01 AM		4H+
11:06 AM	4T-?
11:06 AM		4H+
11:17 AM		4H-
11:26 AM		4H--	*
11:35 AM	3T+			to 12:10 pm
11:41 AM	5T++		**
11:54 AM		4H+
12:10 PM	3T-			to 12:56
12:18 PM		4H-
12:26 PM		4H+?
12:33 PM	4T-
12:33 PM	3T++		*	to 1:02
12:43 PM		4H++
12:56 PM	3T--			to 1:52+
1:02 PM		4H+
1:08 PM		4H+	*
1:17 PM	4Tm
1:30 PM		4H++	*
1:38 PM		4Hm
1:41 PM		4H-
2:05 PM		4H--	*
2:15 PM		4Hm
2:18 PM	4T+?
2:28 PM		4H-
2:40 PM	3T+
2:42 PM		4H-
2:54 PM		5Hm
3:03 PM		4H--
3:10 PM	4T-
3:20 PM		4H-
3:26 PM		4H+
3:29 PM	3T++		*	to close
3:38 PM		4H-
3:55 PM		4H-
4:18 PM		4H++

Results
Very happy with calls today. Market bounced as called and most of the highs came right on time.

Call - "After 9:53 is a significant influence but can go either way. If down, then this may limit upside on the morning. If markets move up at 9:53, then we're going to get rally because after 10:05 is definitely up. This should be able to lift markets despite the string of down hits listed which will probably be dips in an up trend."
Result - Markets dove into the first down hit listed at 9:40, then recovered and the 9:52 4H- was a secondary low. 9:53 did get things going up and a little after 10:05 indexes had a stronger move.

Call - "Watch for a top near 11:01-06. Expecting momentum to slow or turn down after 11:06, especially into 11:26."
Result - Key top 11:02, then markets mostly lower.

Call - "After 11:35 gets things going up again, and after 11:41 is a big move up. This is even stronger than 10:05 and is the best chance on the day for a significant rally. While things may slow down at 12:10 and dip into 12:18, positive could easily run all the way to 12:33."
Result - This took a little while to get going but once it did market never looked back. Key low 11:41, then some up.

Call - "On a good day up will even continue after 12:33, especially into 12:43+. Watch for down after 12:56, then another top at 1:02-08."
Result - Top 1:06-08.

Call - "After 2:18 is more likely up and will lift indexes despite the down hits listed."
Result - Market corrected into the first 4H- in this period at 2:28, then lifted again as called.

Call - "After 3:10 is down, then the bulls and bears battle it out in the last hour. Up into 3:26."
Result - 3:10 did form first top, then markets lifted into 3:26 - Actual HOD 3:25. Bears mostly won this battle with ES down 6 points from the top into close.

Swing trading 7/23-27

Sent to clients Sunday 7/22 and posted below on 7/24: "Expecting Monday to [finish] higher by close, but Tuesday is down."

Sent to clients midday Monday 7/23: "Still expecting Tuesday to close lower and form a key low of the week."

Sent to clients Monday 7/23 and posted below on 7/25: "Despite possibly positive morning, looking for down by the end of the day. Up Wednesday and Thursday, down Friday."

Sent to clients Wednesday 7/25 and posted below on 7/27: "High confidence bounce into midday Wednesday. This *should* form a decent corrective move up from Tuesday's plunge. As of now would still like to see up Thursday, then down Friday."

Sent to clients Thursday 7/26 and posted below on 7/28: "[Friday] Morning bounce likely but strong selling pressures likely midday and late afternoon. Where market closes is tough call but expecting lower than open. Another panic day is easily possible.

Results
Clients who went short Monday close per recommendations and covered near the forecasted LOD near close caught a move from about 1550+ all the way to 1520. Gain +30.

I also recommended buying Tuesday's close for bounce into Wednesday; clients had to take the gap up profit or would likely have been stopped out mid-morning.

Unfortunately I was 1 day off on the big move (expecting big down on Friday but thought Thursday would hold up) so on a swing call didn't catch this. However, if you check the intraday calls for Thursday clients could have easily gotten the big move down and even turned around and gotten the bounce. Intraday Thursday was one of the better days of calls with many turns right on the minute. Check and you'll see.

Since Friday remained a high confidence down with forecasted lows coming towards the end of the day, clients who shorted the bounce on Thursday or even early Friday had good gains by the end of the day.

Friday 7/27

Sent to clients Thursday 7/26 at 8:30 pm PDT.

Morning bounce likely but strong selling pressures likely midday and late afternoon. Where market closes is tough call but expecting lower than open. Another panic day is easily possible.

News: 8:30 GDP, Chain deflator; 10:00 Consumer sentiment
Earnings pre-open

First, I have included some extra times for those looking to catch pre-market moves on globex. Since Friday's session may be volatile, also adding more detailed notes on the day. If these are too much detail for your trading style, then simply refer to the summary statement above. After 8:07 is strong down, especially into 8:28. This can be a key low, and if numbers at 8:30 are bad this will be a serious panic dive. After 9:03 a strong positive comes into play, lifting strongly into 9:10. Markets will likely come down after this top, but hopefully starting up towards open again.

Then also expecting pop up on open but this will depend on morning news. In general today, all eyes on government officials and people in charge. I am not just saying this, there is an important event in my methods that points towards the importance of people in power alleviating anxiety. However, if there is any tone of 'whatever happens happens, it's a free market' or just a simple lack of confidence, markets will have significantly greater negative potential on the day. Also, if there is such a thing as the PPT, they will be in action today!

Preferred scenario is pop up on open, then dip into 9:39. Strong lift after 9:46; watch direction here because it is a significant influence the rest of the morning. If markets head down instead, that means trouble. Regardless, expecting dips at 9:54 and again at 10:04. The negative time near the news release means bad #s will have strong effect. Then looking for up into 10:12-18.

Even though looking for lift into 10:12 and 10:18, watch markets as of 10:08. Preferring to see some profit taking starting here, especially if morning as already had a healthy bounce. If any softening of momentum after 10:08 in spite of the up hits following, this means the 10:08 4T is down. This means down likely after 10:18 to 10:36, and also more likely down after 11:48 and again after 2:38 because in my methods these times are all related. I'll have a better read on 2:38 with the midday update. In short, looking for up into 10:12 and 10:18, but watch for softening prior to these hits and down likely following.

After 10:36 can help stabilize and perhaps some up. Watch for dip near 10:50-55, but larger move up into 11:03. In general 10:55 - 11:42 should be mostly stable or some positive. After 11:42 is a major change, expecting down. Though 11:47 will try to lift, heading into the lunch hour will have dips at 12:09 and 12:16. Remember that if markets show signs of weakness after 10:08, it means that 11:48 is likely down as well. Especially watch for down after 12:22 - 12:45.

After 12:45 is up, especially into the strong of hits listed. The influence at 1:27 is a tough call; it is a very significant general effect on downside, yet not sure of its 'to the minute' effect. Still watch for a move in the vicinity here; if markets are in a panic this can be a huge dive. After 1:33 is strong up and can be a good move, especially into 1:42. After 1:44 momentum may weaken a bit; but if day is positive the larger 4T++ will carry the market very close to 2:10. After 2:10 is more likely down. Expecting down after 2:38, lift into 2:49, then a string of down hits will take markets lower. Markets may be able to correct up into 3:16, but down again after 3:27. After 3:40 will be the bulls last attempt. On a good day this will be a strong move, but the 3:58 4H-- will take markets down hard right at the bell.

After 4:02 is mixed, then after 4:20 is a much stronger positive.

Guess-pectations: LOD 3:40; key lows 8:28+, 10:22, 10:56, 12:45, 1:30, 3:06-3:12, close; HOD 11:40; key highs 9:10, 10:12-18, 11:03, 1:42, 2:26, 2:49.

If key trendline near 1475 SPX breaks again (see SPX chart) then 1458 is theoretically possible. Otherwise on ES major ABCD went to 123% at the lows yesterday (see ES 1), and this often generates an ABCD corrective move up. So far this gives target of 1509, extended at 1515 and potentially high as 1524 which would also fill gap. This may need adjusting with pre-market action (see ES chart 2).

Swing trading
Next week will be a humdinger of a rally. Market can easily reverse all losses.

Key astrology price levels (beta) for Friday is any low level with a '2' digit ending, as in 1472, 1482, 1462, etc; and 25 points up or down from any key high or low.

Longer term view
Next week will be a huge rally. High confidence up move into 8/2. Then after seeing what happens will determine the rest of August.

Time EDT	Ts	Hs	C	Comment
2:21 AM	6Tm
3:26 AM	6T+
4:40 AM	6T-
7:02 AM	5T+
8:07 AM	4T--
8:28 AM		5H--	*
9:03 AM	4T++
9:10 AM		4H++	*
9:30 AM	6T+			from about 3:30 am
9:30 AM	5T+			from 9:03 am
9:31 AM	3T+			to 9:51
9:33 AM		4H+?
9:37 AM		4Hm
9:39 AM		4H-
9:46 AM	6T+?
9:54 AM		4H-
10:04 AM		4H-
10:08 AM	4T-?
10:12 AM		5H+?
10:18 AM		4H++	*
10:22 AM		4H-
10:36 AM	3T+			to 11:06
10:50 AM		4H-
10:55 AM	4T+?
10:56 AM		4H--?
11:03 AM		5H+	*
11:20 AM		4H-?
11:42 AM	5T-		*
11:45 AM		4H-
11:47 AM	3T+			to 12:22
11:48 AM	6T-?
12:09 PM		4H-
12:16 PM		4H-
12:22 PM	3T--		*	to 12:58
12:45 PM	3T+		*	to 1:09
12:51 PM		4H+
1:02 PM		4H+
1:06 PM		4H+
1:15 PM		4H+
1:27 PM		6H-?
1:33 PM	4T++		*
1:42 PM		4H++
1:44 PM	3T-			to 2:04
1:53 PM		4H-
2:09 PM		4H-
2:10 PM	4T-
2:11 PM		4H-
2:15 PM	4T-?			to 3:26
2:26 PM		4H+
2:31 PM		4Hm
2:38 PM	4T-?
2:49 PM		4H++	*
2:55 PM		4H-
3:06 PM		4H-
3:12 PM		4H-
3:16 PM		5H+?
3:27 PM	3T-			to close +
3:40 PM	3T++		*	to close +
3:58 PM		4H--?
4:02 PM	4Tm
4:20 PM	5T+

Results
Outlook - Morning bounced yet sold off and closed lower. Panic showed up at the close.

Call - "Preferred scenario is pop up on open, then dip into 9:39."
Result - More than a dip but OK!

Call - "Strong lift after 9:46" and "Then looking for up into 10:12-18." HOD 10:19.

Call - ""Even though looking for lift into 10:12 and 10:18, watch markets as of 10:08. Preferring to see some profit taking starting here, especially if morning as already had a healthy bounce. If any softening of momentum after 10:08 in spite of the up hits following, this means the 10:08 4T is down. This means down likely after 10:18 to 10:36."
Result - This unfolded just as called and quick traders not only got the morning move up but were shorting right at the top. 10:22 4H- started things off and 10:50 4H- finished it.

Call - "In general 10:55 - 11:42 should be mostly stable or some positive."
Result - Market was able to stabilize here.

Call - ""After 11:42 is a major change, expecting down. Though 11:47 will try to lift, heading into the lunch hour will have dips at 12:09 and 12:16. Remember that if markets show signs of weakness after 10:08, it means that 11:48 is likely down as well. Especially watch for down after 12:22 - 12:45."
Result - Key low on day formed in this period at 12:35 hitting target in chart sent in midday update which was: "1470 will bounce off yesterday's lows."

Call - "After 12:45 is up, especially into the strong of hits listed. The influence at 1:27 is a tough call; it is a very significant general effect on downside, yet not sure of its 'to the minute' effect. Still watch for a move in the vicinity here; if markets are in a panic this can be a huge dive. After 1:33 is strong up and can be a good move, especially into 1:42. After 1:44 momentum may weaken a bit; but if day is positive the larger 4T++ will carry the market very close to 2:10."
Result - Market rallied off midday lows, up into the 12:51, 1:06 and 1:15 up hits (tops 12:52, 1:08 and 1:19) and the total period results from 1:33 - 2:10 was +7.50 ES points. This is simply start to close, no cherry picking highs and lows.

Call - "After 2:10 is more likely down."
Result - Y.

Midday call - "3:16 5H- more likely down."
Result - The surprise on day was rally at 2:38; this 4T turned temporarily up yet turned back down after the 3:16 completed.

Call - "Down again after 3:27. After 3:40 will be the bulls last attempt. On a good day this will be a strong move, but the 3:58 4H-- will take markets down hard right at the bell.
Result - Not such a good day, and no last attempt by the bulls. Looking to short at 3:27 was the best move of the day.

Thursday 7/26

Sent to clients Wednesday 7/25 6:00 pm PDT.

Morning mixed but looking to play more on long side; market should close higher with a strong move up later in the afternoon.

News: 8:30 Durable orders, claims; 10:00 New home sales
Also: A lot of earnings reports pre-open

Though expecting generally positive conditions pre-open, watch for quick move down just after open. Things can turn up after 9:35 into 9:41+. Conditions at 10:00 are very positive, so any good number will give a big move up into 10:02+. Expecting up after 10:15, but 2 key down hits will take market lower; watch for down into 10:26 and again at 10:39. This can form a key low since positive hits follow at 10:52, 11:04 and most importantly into 11:16. Momentum slows after 11:37, and expecting down into 11:48. So overall watching for: Up into 10:02 if housing # allows, down into 10:39, up into 11:16, down into 11:48.

Markets should lift again 11:51. Lunch hour appears mixed, but watch for down anytime after 12:26. After 1:16 is heavier down and while market lifts into 1:46, movement can be down perhaps to 2:51. On a good day, things will be able to turn up after 2:14. After 2:51 is up, and into 2:56 jumps too. Then after 2:57 is a very strong positive that can significantly lift markets and give a good run. Things slow down after 3:29, then up 3:44 to close.

Guess-pectations: LOD 9:31-35; key lows 10:39, 11:48, 1:57, 2:30. HOD 3:26 or close; key highs 10:02 (if # allows), 11:16, 1:46, 2:56.

Swing trading
Looking for highs Thursday late afternoon, then down into Friday. Swing traders willing to hold overnight positions can go short in front of close and exit on Friday.

Key astrology price levels (beta) for Thursday are 18 and 26 points up or down from any top or low.

Longer term view
Though down pressure into Friday is limiting upside, still looking for strong up into early and mid August.

Time EDT	Ts	Hs	C	Comment
9:30 AM	6Tm
9:30 AM	5T+
9:31 AM		5H-
9:35 AM	3T+			to 9:55
9:41 AM		4H+
10:02 AM		4H++	*
10:15 AM	4T+
10:26 AM		4H--
10:39 AM		6H-	*
10:52 AM		4H++
11:04 AM		4H+
11:12 AM	4T+?
11:16 AM		6H+	*
11:25 AM		4H-
11:37 AM	3T-			to 12:31
11:38 AM		4H+
11:42 AM		4H+?
11:48 AM		5H-?	*
11:51 AM	3T+			to 12:26
12:01 PM		4H+
12:10 PM	5Tm
12:20 PM		4H-
12:26 PM	3T-			to 1:01
12:38 PM		4H--
1:02 PM		4H+
1:16 PM	4T--		*
1:21 PM		4H-
1:46 PM		4H++
1:47 PM	3T-			to 2:08
1:57 PM		4H-
2:14 PM	4T+?			to 3:26
2:29 PM		4H+
2:30 PM		4H--
2:51 PM	4T+		*
2:56 PM		4H++
2:57 PM	6T++?		**
2:59 PM		4H-
3:03 PM		4H+
3:26 PM		4H+
3:29 PM	4T-?
3:44 PM	3T++			to close +
3:56 PM		4H+

Results
Day turned down yet completely correct afternoon calls allowed clients to collect big points!

Call - Remember I write forecasts before seeing any news. With tone negative on day with gap down, for myself I am adjusting to short mode. Still, "Things can turn up after 9:35 into 9:41+. Conditions at 10:00 are very positive, so any good number will give a big move up into 10:02+."
Result - 9:36 first low and 9:41 double bottom, then up.Housing numbers took a few minutes but this healthy lift.

Call - "2 key down hits will take market lower; watch for down into 10:26 and again at 10:39."
Result - This was spot on with lows coming at 10:27 and again at 10:37.

Call - "This can form a key low since positive hits follow at 10:52, 11:04 and most importantly into 11:16."
Result - Ay Carumba, inversion on 11:16! Yet for those familiar with my Insight methods this was a big warning sign regarding rest of day because the 11:16 turning down was historically very rare.

Call - "Expecting down into 11:48"
Result - Low 11:49.

Midday call - "12:10 5T more likely down."
Result - Minor top 12:10, then markets heading lower.

Call - "Watch for down anytime after 12:26."
Result - Promptly at 12:26 with the start of the 3T- listed above, markets dove into 12:45 losing about 10 points.

Call - "After 1:16 is heavier down and while market lifts into 1:46, movement can be down perhaps to 2:51" and Midday call "1:16 definitely down, 4T--."
Result - If you have read this far, thank you. I am patting myself on the back for this one. Seriously. Markets fell off the cliff at 1:16 and lost 25 ES points from 1:16 to 2:5, and 2:51 was the exact LOD (low of day). The only noticeable lift was right into 1:46. In emotional markets with big swings, my methods work very well.

Call - "After 2:51 is up, and into 2:56 jumps too. Then after 2:57 is a very strong positive that can significantly lift markets and give a good run. Things slow down after 3:29, then up 3:44 to close."
Result - Buying right at 2:51 in front of 2:56 was *the* buy of the day! Yet quicktraders knew to get out after 3:29 and even bought in again at 3:44 (I did) for last pop up. POINTS!

If these examples have stimulated your interest to learn these methods, I invite you to contact me at jpearl12@gmail.com.

Wednesday 7/25

Sent to clients Tuesday 7/24 at 7:30 pm PDT.

Looking for bounce up. Expecting Wednesday to close higher.

News: 7:00 MBA purchase apps, 10:00 Existing home sales, 10:30 oil, 2:00 Beige book.

If at all possible, market will bounce up from yesterday's plunge. A catalyst for this could be news of any big Wall Street deal. Expecting gap up, and then more up after 9:39. Watch for slowdown and dip into 9:52 as indexes will likely fade in front of 10:00 news. Even if housing news isn't as bad as feared, this will serve as catalyst to send markets higher. Also watching for another run up anytime after 10:29 through the key up event on the day at 12:25. If it doesn't start on the dot of 10:29, it will, just a matter of when. Expecting up through midmorning with the hits listed, then very strong surges up possible into 11:51 and again into 12:25. This will very likely form a key top.

After 12:30 is down, and market corrects down into 12:43 and 1:01. After 1:04 down pressure increases. 1:19 is a key trend change that can go either way. If this is up, then market likely supported rest of day and even higher highs possible near 3:24-40 or even closer to 4:00. If 1:19 turns down, then highs for the day are likely in. Either way, watch for up into 1:50, then down after 1:51. Expecting some positive after 2:02 yet hits are mixed that hour. Of course Beige book news will likely set direction on afternoon after 2:00. Looking for up into 3:24 and again 3:40. If tone is positive on day this can be another decent move. If markets have come significantly down in the afternoon, then likely a corrective move higher. Expecting up 3:48 to close.

Guess-pectations: LOD open; key lows 9:52, 1:34, 2:01. HOD 12:25 or 3:24-40; key highs 11:51, 1:50, close.

Swing trading
High confidence bounce into midday Wednesday. This *should* form a decent corrective move up from Tuesday's plunge. As of now would still like to see up Thursday, then down Friday.

Key astrology price levels (beta) for Wednesday are 10 or 20 points up from any key low.

Longer term view
Yesterday's plunge looks dour, yet the mood will soon change again! This bull has legs to run. Still looking for up into mid August.

Time EDT	Ts	Hs	C	Comment
9:30 AM	6T+
9:30 AM	5T+
9:34 AM		4H+?
9:39 AM	3T++			to 9:59
9:45 AM		4H+?
9:49 AM	4T+?
9:52 AM		5H-	*
10:12 AM		4H-
10:18 AM	4T+?
10:20 AM		4H+?
10:29 AM	4T+			to 12:25
11:04 AM		4H+
11:19 AM		4H+
11:40 AM		4H+
11:46 AM	4T-
11:51 AM		5H+	*
11:55 AM	3T++			to 12:30
12:06 PM	5T+
12:17 PM		4H-?
12:25 PM		5H++	***
12:30 PM	3T-			to 1:05
12:43 PM		4H-?
1:01 PM		4H-
1:04 PM	4T-?
1:19 PM	6Tm
1:34 PM		4H-?
1:44 PM		4H+
1:50 PM		4H++	*
1:51 PM	3T-			to 2:12
1:52 PM		4H+
2:01 PM		4H-
2:02 PM	4T+
2:17 PM		4H-
2:33 PM		4H+
3:02 PM		4H-
3:15 PM		4H+?
3:20 PM	4T+?
3:24 PM		5H+	*
3:40 PM		4H+
3:48 PM	3T++		*
3:50 PM	6Tm

Results
Outlook - Though a negative housing number sunk markets after 10:00, market rallied strongly the morning as called. Early afternoon weak, rally into about 3:20.

Call - "If at all possible, market will bounce up from yesterday's plunge. A catalyst for this could be news of any big Wall Street deal. Expecting gap up, and then more up after 9:39."
Result - 8+ point gap up from Tuesday's plunge. Daring traders who bought Tuesday's close per recommendation could have been done for day right here.

Call - "Also watching for another run up anytime after 10:29 through the key up event on the day at 12:25. If it doesn't start on the dot of 10:29, it will, just a matter of when. Expecting up through midmorning with the hits listed, then very strong surges up possible into 11:51 and again into 12:25. This will very likely form a key top."
Result - Though fading before lunch, 12:25 was a key top and ideal short for early afternoon.

Call - "After 12:30 is down, and market corrects down into 12:43 and 1:01. After 1:04 down pressure increases. 1:19 is a key trend change that can go either way. If this is up, then market likely supported rest of day and even higher highs possible near 3:24-40 or even closer to 4:00. If 1:19 turns down, then highs for the day are likely in. Either way, watch for up into 1:50, then down after 1:51."
Result - After top at 12:25, market down 12+ points into about 2:00.

Midday call - "Still watching 3:24 for a high" and from above "If tone is positive on day this can be another decent move."
Result - Market turned just after T change from negative to positive at 2:05 (actual low 2:05) and rallied sharply to 3:15. Close enough if you bought near 2:15!

Midday call - "3:20 now 4T-."
Result - Markets down after this and while up after 3:48 due to 3T++ listed above, that was it for afternoon. Traders holding longs knew to watch for exits.

Tuesday 7/24

Sent to clients Monday 7/23 at 5:45 pm PDT.

Looking for early pop up & possible early afternoon high, but a sell-off later in the day.

News: 7:45 store sales, 10:00 State Street confidence index (both appear minor)
Real news is earnings pre-open and after close.

If morning's earnings reports have been positive, watch for a quick surge up into 9:55. Even without notable news, market should move up here. However, markets can easily gap lower and this move up into 9:55 can come within an overall down. Then expecting down after 10:03 into the string of negative hits listed; lows could form near 11:00. If news on the day has been bad, then this period from about 10:00-11:00 can be a hard hit. Then keep an eye on 11:08 because this can be a strong move - expecting up. After 11:32 tone may change and is prone to back and forth; watch for a 50% correction on any key morning move.

On a good day, markets will continue up after 11:48. Lunch hour looks mixed, but how the market behaves after 12:31 is a clue for the move into 1:37. Regardless, watch for down after 1:19. After 1:33 is significant additional down pressure that will last the rest of the day. It might not take immediate effect because still looking for up into 1:37 and up again after 1:51, but watch for any weakening towards the close. After 3:00 also leans down and if buyers have vanished then markets will head lower.

Guess-pectations: LOD 3:50; key lows 10:09, 11:00, 2:05, 3:06. HOD 1:37/1:54; key highs 9:55, 11:18-30.

Swing trading
Despite possibly positive morning, looking for down by the end of the day. Up Wednesday and Thursday, down Friday.

Key astrology price levels (beta) for Tuesday are 8 and 21 points down from any key top.

Longer term view
This bull has legs to run. Still looking for up into mid August.

Time EDT	Ts	Hs	C	Comment
9:30 AM	6Tm
9:30 AM	5T+
9:32 AM		4H+?
9:43 AM	3T+			to 10:04
9:49 AM		4H-?
9:55 AM		6H+?
10:02 AM		4H-
10:03 AM	4T--		*
10:04 AM	3T-			to 10:38
10:09 AM		5H-
10:16 AM		4H-
10:28 AM		4H-
11:00 AM		5H-	*
11:03 AM		4H++
11:08 AM	6T++?
11:12 AM	4T+?
11:12 AM		4H--
11:18 AM		4H+
11:32 AM	5Tm
11:35 AM		4H--
11:46 AM		4H++