A clue to the END..!

Mother Market will help us over the next few trading days. So might the USD. This chart from tonight's STU shows that the USD is still in a down move, which appears to be an ending diagonal. It seems destined to get to the DX74.50 level.

The STU notes that a rally above its wave [iv] at 77.48 means the bottom is in. A strong rally off the bottom in the USD will probably somewhat coincide with a serious drop in stocks. Timing looks more consistent with a bottom in weeks not months, supporting Tony's count.
" Should this second zigzag, Intermediate wave C, also take on the same fibonacci 0.618 relationship as in Major wave A, then at SPX 1097 Int. C = 0.618 Int.A. Also, for Primary wave B, at SPX 1097 Major C = 0.786 Major A. Plus consider that we have two OEW pivots enclosing that level: SPX 1090 and SPX 1107. Finally a 50% retracement of the entire bear market is at SPX 1122, and at SPX 1125 Major C = 0.886 Major A, plus here we have another pivot SPX 1133."

Views Courtesy: Planet Yelnick