FX:SPX500   S&P 500 Index
60 0 0
Current forecast is more whipshaw down into the 2008/1995 region later this week. Nothing really changed since previous updates. Can't make my mind up between the green and yellow (b) waves, and a slightly higher (b) wave isn't out of the question. I've annotated green lines for a possible expanding Ending Diagonal in green wave (c) of a, although there's a chance that touching the 38.2% retrace around 1995 could be all of wave 2 off the Feb low. If so, then wave 3 will take hold, eventually reaching far above the all-time high. A more protracted wave 2 into the summer would also project higher, and this meandering path for a 50% retrace of the Spring rally is my primary expectation.
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