Here is what I get for the S&P cycles.
There is a pretty well established 71 bar daily cycle and I have included an 8
year +/- business cycle off of the 87 low on the monthly chart. The key is
will the low on the daily chart be taken out on this move down into the middle
of June. Remember that low can be above where we are trading now.
What happens if we hit the price objective at 1424 or even get to the
target price of 1456 and than fall apart? Right now things don't look real
good but the long term EP hasn't been hit yet, and if it is the first price
objective is above the previous low.
