Ive seen a similar chart at another site which also shows what some are labeling as wave 2
about to finish *shortly , and or wave X as ive labeled it.
*Shortly -could be at 10am today at the 26 HOUR cycle
Merc direct Sunday adds to today's boost,
and the futures this are positive to 1114 as I write this at 8:30am
The BRADLEY date appears to be turning in its HIGH today
as it was officially posted for Saturday
Once wave 2 - or wave X as I described is finished we can get 2 different results
1. can be an extended and lengthy decline over many weeks or months
2. a QUICK sell off as Ive previously described due to the neg cluster of energy
from the 20th to Oct 4th.
Door # 2 seems most APT to occur given the NATURE of the
WAVES we have already seen and are about to finish today
A FLAT at SPX 1120 area sets up one of the weakest wave structures indicating the
next wave becomes a THRUST lower matching the price decline of the FIRST major wave.
its called WAVE Equality
That would take the SPX down about 210 pts to 255 pts to SPX 910 at a minimum
and 875 as potential maximum