Yep, too good to be true

There are so many possible counts right now, its clogging up my computer. One things is certain: Earnings are looking pretty bleak.

I think the Beast of all Beasts might just be around the corner. I show very strong resistance at the 1140 mark. This level also counts for a 61.8% fib retracement from the top. Putting an intermediate high there would also create pretty nice shoulder to short into. The swings are quite large, considering we are going sideways. This tells me there is still a great deal of uncertainty in the market. It also tells me that the fire escape door could be very very small. The Big Red trendline on the S&P futures has held for 3 months now.

If 1140 really does finish up Gold B, this move down will be one for the record books. If the building doesnt burn down after the turn, we probably have 1 more month of sideways movement. (I can't be certain of the degree of this zig-zag up we are in right now)