Tomorrow is Friday and markets often like to project a big direction change on Fridays. If the count below is correct then there is a good chance of gap down tomorrow AM as shown and then close in the 17250 range. In other words, 500 points down.
I just loaded up into the dip in the extended trade for the overnight hold. I'll bail out pretty quick tomorrow if this doesn't gap down. The gap down expectation is based on 3rd of 3rd count shown below. Time will tell folks. As always, herd movements are all about odds and never about certainties.
Thursday, July 9, 2015
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