Stay away from market

It is the time again standing on the edge, Rebound in energy attenuated as well as market igored good reports from setors. It is an important signal that market will go down again. The next closer target low is 1341. S&P500 moves down step by step towards 1341 from last Wed. Rebound today delays the low hit time to next monday as well as the target low move down. So,Long stay away.

Thanks Rich,
I got a view of a right chart at your blog since I can not draw that at my system without correct data. As opening a put, I think it is still not a good time now as I said previous days that we would meet a period low at pm Tuesday but should open a put at end of May. (selected from Rich's blog)

Black Monday did not come as I thought last week, but fortunately the period low came at right time and people can open a call and take profit now. That is a good job for day trading. In day trading, relative position is important.

Wave c will reach 843.72

S&P index goes in standard wave style. Does a black Monday come again? In coming days, the period low target will aim to 857.53 or 843.72 at 2:00pm May 5 if Monday is black.

Wave Count

Got inspiration from Bob, I think the extended 1st wave may be end on Mar 18 and 2nd wave end on Mar 30 as a running flat corrective. The 4th wave from Apr 17 to Apr 21 seems as a single wave and alternated with 2nd. The 5th wave is a ending diagonal triangle which only takes a role in 5th wave. Others,the length of 1st wave =0.618 of whole A wave as showed.