Possible Scenario: Right on upper trendline, if we gap up I'd expect more strength to the end of the C wave at ~ 1071. In flat or gap down I would expect consolidation forming the top of the Right Shoulder.
BAMM! Another good prediction as yesterdays prediction to 1068 was missed by ~ < 2 pts by the end of the day. (That is 4 for 4! I've got to get one wrong here sometime.)
My expectations for the SP-500 are based upon the current rebound in the channel.
Breakouts: $SVM, $EXK, $HYC, $CLZR, (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): $ERES (Waiting), $TSYS (Waiting), $GSS (Waiting), $CTDC (Imminent)
Breakdowns: 80 picks not going to list them all. (Set Order just below Low resistance)
Dip Picks: N/A
Previous Potential Dips (Looking back 5 days): Broke Even with all Plays
Rip Picks: N/A
Top Pick: Breakdowns (Look for gap downs or gap ups beyond resistance)
Top Missing Piece: R Shoulder Coming???
Good Luck,
Tyler
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