We haven't had any retrace in the SPX though so I think we have to rally a bit more first before the decline can continue.
Targets for wave [C] are 1070 and if that's breached we could go up to the 1085-90 area. If the ES breaks below 1058 again we should test the overnight lows at 1052 and then the May lows.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEignh-YhT-_xGbVlw5smkc-m_dYI6m5VpFQ3G_2p9VzaTwMzdifwGsl-JfcQw5NkdpbTffnfLlWheHcGnpAdAtQ0lTlTAkDJqZdsCEtrTqqpy6-0gardwrYVmbV8JxrQN0hloroGmhTefE/s400/ES06072010a.jpg)