OEX /SPX Bullish wave 5 pattern crossroads

14 May

The chart posted is the sp 100 I am posting it as we are now at the crossroad for bull or bear count .We have rallied to .786 as I will show and have a wave a x 1.27 = c at the .786 High But if we break above 5922 in the Cash SP 500 There is NOTHING to stop it from reaching a target of 3005 in the OEX where wave A up or wave 1 x 1.618 = wave C Top or wave 3 in the SP 500 WAVE A or WAVE 1 up 5481 - 4835 = 646 x 1.618 =1045 plus wave B low or wave 2 5102low= 5102plus 1045 =6147.22 The exact high . This is the reason I took the loss and moved LONG .Best of trades WAVETIMER

19 May

Not

I have Now covered All puts at 5895 . Wave structure is Not i impulsive down it is corrective > I have taken a 35 % long calls and now see up till at least 5997 But odds are growing for A or 1 x 1.618 both at 6147 now

19 May

Not

If the sp 500 cash gets above 6183 I can see a blowoff to 6385/6450