Tuesday, May 28, 2013

Charts 05-28: SPX 1710 Friday?

The deep 4th wave held at 1635, and now it looks like we are finishing up.  A 5-wave move to a Friday top would be ideal for all involved.

SPX 05-28

From a 1710 top, the first leg down would be a swift drop to SPX 1601 by June 13, followed by a rally into June opex ... and ... a nasty surprise!

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