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Friday, July 01, 2016 8:56:41 AM
SPX and RUT, Looking at a couple issues today. The purple down fork on SPX was tagged at the close yesterday and this may be significant and being watched by many. Another thing is SPX only needs just over 5% for the top target and RUT needs over 12% and seems to not be in line and things may need a reshuffle of the deck. The green up fork on SPX seems to be possible and would drop to 2039 and create a good wave ratio with the last leg up being a 1.618 to the last three days move. RUT tagged the big fork ML yesterday and is another significant obstacle.
if it looks right it is right
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