Comments and mid-week update 03-10

So far the week has been much as projected in my weekend projection for the week.  Could I be wrong about Thu/Fri being weakish.  Of course I could.  We are still range trading as I speculated we would do. 

I believe Wednesday may well have been a transitional day.  I have reviewed charts and see no reason to change my outlook for the next 2 days.  While it is true we may have a couple of shorter cycles turning up the longer of the shorter cycles are down.  Now a couple of these cycles should make a fairly strong push down as they bottom.  So I expect in the next 2 days we could/will trade in the bottom part of the range of 1295-1335.

I have tried to include all relevant cycles on tonight's chart.  See for yourself:

GL traders.  Do your own analysis. Protect yourself with stops.

06:35 AM EST update - Asia markets and European markets were/are down.  The futures are well below Fair Value.  I suppose job numbers could change this, but right now it looks to be a very "red" open.