Aire,
Looking over the charts tonight, I don't see us breaking the 2.5 flds on any of the major indexes unless we plummet starting immediately. We could get there by Thursday, but that in the window for the 2.5 low anyway. Downside projections for the 6-7day fld are minimal and mostly met already. At best we might get an overshoot of those projections before the 2.5wk low.
Is that the way you see it?
Echo
we may get a nominal 2.5 wk downside projection tomorrow looking at the overnight es action, perhaps 1415+/- on the june future if there is a hit. at the same time, if we acknowledge the variation to the shorter length samples of recent cyclic action, the nominal 2.5 wk cycle could be due to bottom by late tomorrow. the chart below suggests where the recent 3/3.5 day sub harmonic cycle lows have been, and noon to late tomorrow fits well as the likely time window for the 4th and final 3/3.5 day cycle contained in the 2.5 wk.