S WAVE CHARTS

[northam43]

Whatever they want to use to justify the drop is fine with me. But right now with the 60 min having 2 overdue down phases (60-1 & 60-E-1) and the biggest 60 min down phase (60-SC-1) due 11/27/16. This market is going to get a nice pull back in the near future.

The current 60-1 projected low range is 2183.29 to 2176.55, the 60-E-1 projected low range is 2160.73 to 2145.95 and the 60-SC-1 current projected low range is 2133.56 to 2108.73.

It takes 3 trading hours to get a 60-1 confirmed, 6 trading hours for a 60-E-1 and 15 trading hours for a 60-SC-1 to get confirmed.

The 60-1 normally puts in a low at it's 3rd hour, the 60-E-1 puts in a low normally at it's 11th hour and the 60-SC-1 normally puts in it's low at the 20th hour.

So if the 60-SC-1 gets underway today, it could be confirmed on Monday or Tuesday and put in a low next Tuesday or Wednesday.