I believe the market knew CIT bankruptcy on Friday, that is why it directly fell to new lows which was little stronger than I initially expected. Watch for 1050 area on ES now.
Flux capacitor has been active lately. Based on flux reading, we have a specific number for the current climax bottom, we will likely hit this number early next week.
I will let you know real-time when this level gets tested.
I was going to update some of the indicators but couldn't find the time. However, a quick weekly chart of GIGA and MP show nothing new but more confidence in xTrends.
My projection for GIGA few weeks ago
My projection for MP approximately 5 months ago
