Replies to post #3657 on CHARTS_CCI_SYSTEM

[riptorn]

Today being tax day - I suspect it will be down most of the day - We should get a decent bounce tomorrow. If anything like in the recent past, we will reclaim 70% of this decline in 1 day and 100% in 2.

[northam43]

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.