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[eminimee]

The second chart shows you the B I was thinking of....the first chart shows the two alternatives.

The B could always be a bigger B that would suggest lows below March lows but that would become more obvious later if so.

Stockcharts isn't giving me enough room at the top and the letters won't stick to where they are suppose to be on the hourly....I wish they would do something about that. The 3 should be at the last high...and the (3orC) should be at the top of the TL where it meets the red vertical..near 1515.

So , what I'm looking for is a range bound summer before heading much higher. The more immediate bullish scenario would be if 1515 area is only a wave 3 top.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=4&dy=3&i=p26175821731&a=104586413&r=7486.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=4&dy=3&i=p91845786301&a=104588994&r=7479.png

[PorkLoin]

Ahoy Teaparty, if we'd be making a flat rather than a triangle, then for B going up to be 1.382 of A going down would target 1500, a natural place of resistance anyway. I think there is a lot of potential peril in counting this market as being in a correction, but there it is. Best, Doug