Bulls should not get too complacent as the move up into today has reversal signs all over it, i.e., Bradley, full moon, 4/16 day cycle, e-wave.
It looks like a running correction building here with one more 'c' wave decline early next week.
Cycles then point up hard into Fri next week where the next 4/8 top is expected.
If we hold the current channel, then 1235 would be expected to hold Tuesday and perhaps as high as around 1320 by Fri next week.
There is a recurring 29-30 week cycle lo due in this time frame (next week)
I expect 1440 by May.
SPX 1299-1300 Min. Today
Started by
blustar
, Mar 18 2011 08:38 AM
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