Blount’s Numbahs Wednesday: the spill is down
good morning – today is series s4H and the SPILL is DOWN in the S&P 500 futures (ESZ14:CME).Yesterday saw the first TRUE SU (straight up) day since August.The opening gap placed price at the 1908.5 SPOT (1909) and although that price was given BEFORE THE CLOSE on MONDAY for Tuesday, the culprit was NOT THE CHINESE, BUT THE ECB PEEAN news at Brit time 1887 SPOT= SEE 3:07 a.m. eastern.
This gap HOPPED the 200 MA , recovered the blood red a DOWN at 1926.03 cash (see 1918.2 futures double bottom on daily chart 10/2 and 10/8 then made a beeline for the 1938.5 SPOT HOD.More importantly it killed the BEAR HOPES for the most immediate bear outcome
by tagging the 1912.84 CASH horizontal as it OVERLAPPED wave 1 down of blood red c when counting in the traditional/orthodox method.
Ok, the day of the low PRIOR TO THE OPENING, EVERYONE had…
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