PT My read is we need to make a lower low yet, maybe not much lower then yesterdays and we will get it by Friday. 885 on the spx, ideally 882. It will look like an ending diagonal and here it is in chart form. We are in the iv wave up and it should be held by the falling r-line. We need one more tag of the falling support line to complete this. Just a wild ass guess of course.vbg.
TED, Remember the 8 Week Cycle Low that occurred on May 26th? #msg-37922534 Well it is due again on July 21st or 22nd, so if your 20 Week Cycle Low comes in a little earlier than you expect, it may come in conjunction with the next 8 Week Cycle Low.
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