FX:SPX500   S&P 500 index of US listed shares
52 0 3
Although the 2130 Level was reclaimed and locked in a corrective decline from the previous all time high, market internals are deteriorating rather rapidly which is our focus for this evenings commentary provided in the links below. New all time highs are a very high probability at this point, but some near term weakness with the markets challenging the previous levels is to be expected. The 1.618 extension of the rally wave from the 2009 lows to the 2011 highs and is a common target for an Elliott Wave third wave rally. We'll have an update for tomorrows projections and key timing a little later on this evening. We hope everyone had a good weekend and are looking forward to a good trading week.



If you have any questions about our analysis or analysis systems, you can contact me at any time at john@mcm-ct.com

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