Charts 7/22

It looks like we have started our drop to 1257.  We'll need a couple more days of red markets to chop through support levels and confirm here.  I see us dropping until the FOMC meeting in early August, where there is also a full moon.

So is it the moon, or the meeting?

Short-term count

Series of steps to reach 1040

"C-down" 2012 crash cycle

Big-picture count