May be you remember the fractal I posted yesterday:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyyHIwBEnvLrfOyDtzMhFf4mNl9L0uCY1N034LEOmTc0EwX4YRvh0KYe-0hMWgpXPNX6jmeCCcr3wBRu6a12lBpnQx1YZZnaIzWdcmiuvBr6P93C67EIglYIezr5vdNjI8-IefArwljUk/s400/s&p50007202010a.jpg)
As you can see almost the whole rally was retraced the following day in mid May. Thus we should see SPX 1060 today. More than 1,5 % down from here in about 2 hours? We'll see.
Edit 2.20 pm: OMG! A 14 point slide within just a few minutes! 1060 doesn't look that unrealistic now does it? LOL