We took out the SPX 60 min projected low at 1567.6, it's likely a SPX Daily Phase 1 will be confirmed tomorrow. The projected low will be 1536.26, if we make it to that level, that will indicated a Weekly Phase 1 is likely underway, that will then likely take the SPX to the 1490/1500 to complete a Weekly correction. If this is currently underway, the low will probably not be in until around the 2nd or 3rd week of May.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."