mike.lawler.969
Short

This could be the beginning of the end

AMEX:SPY   SPDR S&P 500 ETF
30 0 1
Up until last week, I had to assume the dance up would continue.....my work was pointing to a top around spring 2015....perhaps we may not get here.....If you assume the 5th wave started in Nov 2012....you notice the cycles lengths corresponding to the lows, until it corresponded with the recent high...a potential shift in trend..

It appears the market could hit a low of Spy             188.5..in a few days...at which time the bounce will occur.....I also agree with another poster, this could be very familiar with the 07 top .....we will know at the reflection point at the end of the bounce