The biq question for me looking at this chart is whether we get an end of month high or low.We rallied 6 months (180 degrees) from the March low so the 90 degrees from the top (50% time retracement) is clearly an important date ,especially as it comes in solstice week.My feeling is it should be a low,perhaps retesting the downward sloping t/l. and completing a minor 5th wave down from the 1415 LH
I agree - based on this and some of your other charts that the end of of the month will be a turning point - hard to imagine SPY getting back down to about 127 to that long trend line from the May 1 HI when the current short term trend seems to be up - will be interesting
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