Saturday, May 8, 2010

S&P 500 ~ Fractal 8 May 2010

I hope you're enjoying your weekend after this entertaining week. ; )

As I noted yesterday we could see something similar to 1987:

The SPX should decline early next week but not below 1065. If that's the case a nice rally should follow.

In EW terms, the crash will be labeled as wave 3 and the decline next week as a truncated fifth wave.

Gonna post more charts later.