The DOWn JONES On Schedule For May 6th-8th Reversal?
Of course we can reverse sooner, as I predicted previously, but this is what makes the most sense today and falls in line with some old charts...
Let us assume that the money printing is the rising tide. If the market goes up on average this week and or at least follows the rules for a TD9 printing, we will have a potential reversal on that indicator (not a big deal). Normally, I wouldn't be looking for this speculative of a play. But if we get to the $25,200-$27,100 zone, this hits my targets on previous charts and has strong confluence with the FIB Zones. I then decided to ask the question what type of PLANNED news events around May 6th-8th that would cause this reversal within the fundamental narrative.
NEWS TO EXPECT
May 8th
*Non-Farm Payroll
*Unemployment Report
*Average Hourly Earnings
*Wholesale Inventories
Please do your own due diligence and remember this is NOT trading advice.
Let us assume that the money printing is the rising tide. If the market goes up on average this week and or at least follows the rules for a TD9 printing, we will have a potential reversal on that indicator (not a big deal). Normally, I wouldn't be looking for this speculative of a play. But if we get to the $25,200-$27,100 zone, this hits my targets on previous charts and has strong confluence with the FIB Zones. I then decided to ask the question what type of PLANNED news events around May 6th-8th that would cause this reversal within the fundamental narrative.
NEWS TO EXPECT
May 8th
*Non-Farm Payroll
*Unemployment Report
*Average Hourly Earnings
*Wholesale Inventories
Please do your own due diligence and remember this is NOT trading advice.
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