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Strategies & Market Trends : General market lab and commentary

SPY 683.34

+0.2%

Nov 3 4:00 PM EST

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To: Robohogs who wrote (520)	7/5/2016 1:54:59 AM
From: Robohogs	of 668

I hate to say I had a system crash. Apologies. Best I can do quickly is to say that bios should probably give some back very ST but rally looks favorable longer term based on analyses I ran this weekend. I would prefer 1-2 days more up first though as that would set 50 RSI on daily and weekly basis. STD of XBI is extremely compressed here btw. As for mkt, looking at a combination of events which happened (5+% fall in 4 days, 5+% recovery from lows to highs in same period (i.e., less really as first part started down) and vix coming in sharply, SPY has only had this combination 12x historically. Mkt up 90+% of the time this coming week and LT numbers solid. My only caveat is extending 4 days to 5 erases results - BUT I wanted to test quick and sharp not slower and sharp (trying to catch fuller panic). Caldaro (one of most followed EW guys) has issued a buy alert last seen in Feb. He is still neutral until the highs are gone. As an aside, he was vocally bearish until 6-8 weeks ago and then figured a graceful way to swing to neutral. He is well-respected, even so. Finally, lots and lots of other analysis up supporting these conclusions. I did post lots of it in real time. twitter.com Jon

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