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.
