Alternative Path

[gdl]

There seems to be two channels this can go One finds the lows by January 4th. The other by the end of January. The end of January seems more logical but markets will do whatever it wants and I do not have all the reasons to dispute it.

IF we are going the route of end of January than the most logical conclusion is we start the next drop immediately in a slow methodical nature. That means Tuesday should be lower.

If we are going to speed up the finish Tuesday should have a spike move higher of perhaps 50 SPX points. Sounds counter intuitive but The current drop from start of this month has already 3 waves (possibly finishing up wave 4 on Tuesday) and the signature move has been a 2 day rally before the next leg down.