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Hello Everyone,

Here's a link to Tonight's Newsletter.

As far as the market, nothing changed from what Steve said on the weekend, today was part of this wave 4, remember the strong last week was a wave 3. We have an abc zig zag pullback today, that could have ended wave 4 today, however I thing it probably needs more time, maybe more complex or a coil? Ultimately shallow pullback for wave 4. After this wave 4 is over I expect another high in wave 5, maybe it goes to 4500 or a bit higher, then I'm looking for possibly a 50% retrace of wave A up, maybe 150 SPX points, but form a higher low then push up again in wave C.

enjoy the remainder of your evening,

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

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