Ok, the down move yesterday was what I was thinking would happen after the 22nd/23d high, but it started early. This means that turn date, which a top of some kind should have happened, has been skipped (or just came early). Next turn window where a top "should" appear is the 29th (give or take a day or so).
Since the last several turn dates have been "front run" by 1-2 days this coming one could also appear early. This opens the door for a high at the end of this week. I spoken about the 586.86 FP on the SPY (about 5900 ES/SPX) several times lately as a possible target high for the coming squeeze before the drop, but the next major resistance zone is around 5700 from a falling trendline, and I really don't think we'll get through it on the first attempt.
I think that zone will be the target high for rally, whenever it comes. It could drag into next week but if we see it this week, like into this Friday, it's a short in my opinion. Now, there's also the "wild card" chance that we could bottom into the end of this week, or into the 29th, like 4700 or so, and then the turn dates will have flipped and that will be a strong buy. I don't think that's going to happen but anything is possible. Currently I still think we have a strong rally coming first, with 5700 as my target, and then the drop.
Have a blessed day.
