Seeing Type 1 Bullish Divergence (rare) on hourly chart for S&P500. OBV and RSI. Short-term signal only. No guarantees.
SYNOPSIS : 1 - Per Predictive/Forecasting Model, underlying force continue to favor bulls 2 - Support near the 77.61 handle offers a probable rebound level 3 - Forecasting Model eyes 01 AUG 2016 vicinity as probable timing in rally 4 - Invalidation: Break of 68.99 Best, David Alcindor, CMT Affiliate #227974 - Alias: 4xForecaster (Twitter)
I suspect this gap will be filled prior to making new highs.
I'm anticipating we fill one or both gaps prior to making any new highs.
Set the course to short auto pilot. 7-11, 7-11 back door little Joe. Mayday. Going to be one hell of a winter.
Break of support, whether to wait for the bounce or to short it now... Hmmm...