May 25, 2016
I am such an idiot... I could not connect the dots between "we have the minimum for 20 week cycle low" and "it feels more like the first leg of a corrective move". I was expecting a move higher, but this 30 points yesterday(too much strength) confirm that we have 20 week cycle low behind us and I have to adjust the intermediate term path. It is not some drastic change, but it is a stupid mistake. Now with 20 week cycle low behind us we should see a few weeks higher. I think this will be wave B(red) and the move should be corrective. So far we have only two legs higher with the same size. If I am wrong the bulls must prove it and continue pushing higher for an impulse(green). Resistance is around 2085 and support around 2050. Any move lower should stay above 2050 to confirm my forecast. A May-November Relationship from Tom McClellan. I should read what I am posting:) Notice the dates and 21.05 was a full moon... just a coincidence.