RMT Alert August 8, 2017, 2 pm, ET
This exclusive alert was sent to members before 2 pm, ET on August 8, when September ES Futures were trading at 2480.50.
A target of 2448 was given until August 11. The alert also covered predictions for Gold and EURO which are still valid and will be posted later to secure exclusivity of premium contents to members.
As announced in RMT CW 32, I am sending out a special alert.
Today ES futures made a high at 2488.50 and are now trading at 2480.25. At the time of this writing S&P 500 Index is up by 1.78 points, but I want it to close down today.
August 7 has marked a new closing price high in S&P 500 and Dow Jones, and August 7 fits the closing price high better than August 8.
I do expect now ES futures to trade down into an August 11 low. My price target is 2448.50 or 40 points lower than the high, and this should be reached by August 11 close.
So August 11 has inverted from a high into a low – our aspect of the week Uranus 45 Neptune looks very bearish on “Square of 12.”
2458 is also strong support. After the August 11 low, I expect a rally into August 15/16 and then a decline into...(date omitted)
So the predicted low for tomorrow, will be an opportunity for day-traders only.
In the model portfolio I am holding shorts from a level of 2466 in futures (and higher) and I will cover at 2449 with a limit order.
If S&P 500 Index closes down today, the changes are greater for this target to be reached by the end of the week.
For Gold and Bonds, I am still bullish until...(date omitted)