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......................................Check out this weekends video update.!!!!
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S&P 500.
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: topping in a large correction wave [4].
The S&P is holding below resistance at the all time high at 2872 today.
The short term chart shows a complete five wave pattern.
This is either wave (c) of [v] as shown on the operating wave count.
Or,
A triangle wave '4' blue followed by a five wave structure in wave '5' blue, as shown on the 4hr chart.
A break of the all time high will trigger the alternate wave count.
But the outlook remains the same.
The market is lurching towards a collapse, however the final high plays out.
Tomorrow;
watch for a break of 2872 to trigger the alternate count.
If that does not occur, we need to see a sharp fall off quickly to save the current count.
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Check out the new membership offers just launched.
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