SPDR S&P 500 (SPY)

[DowDeva]

I have two Hurst projections, 298 and with an alternate phasing, 287.

Nothing under that yet, and sentiment is very bearish on all forums including Twitter, which may be a tell that we may not get to 287 or under.

I had pinned last weeks low as the 80 day trough from March 24th. If we go under that either the the low hasn't come in yet ( late equals bearish) or it has come in and we are going under it (also bearish).

David Hickson of Sentient Traders has two alternate phasings. One has the March trough as the 4.5 year low. This would be incredibly bullish. The 'normal' phasing still has it yet to come and it is due in late August.

I am thinking the 4.5 year low may actually come in October. If this occurs it would be the first time in over 10 years it would be late, not early and would be very bearish going forward.

~d