Astro, I think we'll see meandering up into the 16th of this month, a sideways to down move into mid-July, then an acceleration of the drop into a 1140 SPX low as early as August or as late as early October.
Right now it appears this may be resolved by August. We'll see. There's a pattern in lows that alternates between 5-months between lows and 3-months on an annual schedule. This pattern goes back to 2001. It looks pretty promising. We may get some type of re-test in October if we get a low in late August.
April 2001
September 2001 (5-months)
July 2002
October 2002 (3-months)
March 2003
August 2003 (5-months)
May 2004
August 2004 (3-months)
April/May 2005
October 2005 (5-1/2 months)
May 2006?
August 2006? (3-months?).
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