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[tomterrific14]

The H&S measurement on the SPX is 1220.21. A "U" measurement from the Jan 10 high and the Feb 10 low is 1256. On the QQQQ's, a gap measurement is 50.60 to 51.11. The May 08 High was 50.13 (currently 50.01 and today's high was 50.19). On the Nasdaq Comp, the May 08 high was 2551.47. Currently 2510, with a high today of 2517. Validation of these expected highs require a break of at least the hourly uptrend line from the Feb 10 lows with a MACD cross, preferably on the daily uptrend, since all other TA indicators are giving early signals that fail to bring about at least a temporary top of significance. Magic manic Monday is a likely day for a top....since almost all the gain in the market from the Mar 10 lows has come from Monday's gains. These suspected highs could be exceeded if the XOI and XLE break out from their respective triple tops (XOI, 1134, now 1127) XLE 61, now 60.15).