Replies to post #19153 on T/A ETF AND INDEX

[Z-M-L]

Thank you Poker for the recognition.

Now we need the SPX to "close" below 1008 (1st confirmation)and in the form of an Impulse wave. A three-wave move over the next 18-trading days to 1010 would have to be considered as a possible Wave-(iv). Close below 956 then forget about the bullish case.

AI

[stkboy1]

1096.56 should be the high of the year. On October 7 another indian called 1097 on or about Oct.13 for a high. He missed it by only two days.

Another high at 1100 just hit.
The weekly trendline down from September 2007 should offer some resistance around 1005??? Calling a top almost seems fruitless until we get an impulsive 5 wave move down. Bradley turn date Thursday, so perhaps we get something this week.