SPX finally reached our yellow target yesterday, slipping just past 2127.59 and testing our resolve before reversing into the close. From yesterday’s member section:
Recall that Thursday’s highs came up just short of a .886 tag, so it’s entirely possible that SPX will make it back to 2127.59. We’ll set that as our upside target for now. For wave watchers, it would constitute a truncated 5th wave in a very mild 3rd from the 2072 lows [or, taking the bearish view, a completed C wave in the corrective wave from 2072.]
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