Monday update

The SPX remains consolidating in a large degree wave, we main a large triangle.  Currently we are down $11.15 at the $2707.22 level. I just return after being very sick.                          

Tuesday after the close

The SPX ended up with a positive day, up $5.94 at the $2723.01 level. The count does suggests that we could be looking at consolidation for a couple more months!!

Tuesday update

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The SPX opened gap up this morning and quickly filled the gap, currently we are trading up now $4.31 at the $2721.38 level. Yesterday's price action really put the damper on the 5th wave up.

Monday update

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The SPX opened gap down this morning and has just keep moving lower, we are currently down at the lows of the day, $45.62 at the $2709.68 level. Odds of a 5th wave have really dropped now!!