There are problems with this rally. My indicators like SOS, internals, volume are telling me that this is more of a short covering rally than buy long signal. Astro wise we have more more work to do due to the Sun/Saturn cycle with the Sun sq. Mars on the 24th and sq. Saturn on the 30th. There is a Bradley turn due today and it is the 4 TD since last Wednesday, where before they went 3-3 now 4. Weekly PMO and MACD are all lower. My best guess is we see a move to around 2679/80 today followed by lower prices into Mar 29 or Apr 2 (likely Mar 29) then down below the last low of 2532 to around the 2500 level.
This looks like an X Wave with W the last top. It counts abc x abc or 3-3-5-3-5-3-5 in Psuedo waves. Wave A may have finished on Friday with C coming. The next Gann 16 TD top is due near Feb 5/6 and so is the f55 CD turn from the Feb 9 lows. Venus sq. Pluto and conj. Uranus the 23rd through the 28/29th is also a concern. April looks generally bullish but May has more issues, me thinks.
