Alternative Reality

[gdl]

Looked at this move this way to Sunday and i STILL think 3500 will be seen before the multi-week rally. I also doubt we can hit 4200 before we see 3500.

I just don't have a visual pattern to play off of. If 3900 was the basing area you should have seen the multiple retests cause a huge bounce and so far it is not indicating this.

Pretty sure a dramatic slide to 3580 area will happen before we get the big multi-week retrace. Have not figured out the pattern. Maybe we hold up till 6/6 or is that the lows? No idea other than confident currant slide has not seen a bottom.

WEEKLY SPX is more defined. 10 week drop followed by a 3 week rally and now we are in week 8. This would indicate that 6/6 is the 10th week and bottom of this current slide.

My money (will be) on 6/6 hitting 3580 zone. Unless we do rally past 4200 I will stick with this low.