14 Jul 2015 - It's Gartley Time

We should be looking at the Gartley method again since we are now approaching the .786 retracement that most analysts forget.  Review it HERE. 

The ES is sporting an ABC pattern with the SPX looking a lot more bullish, but this could just be the way the chart is spread out.  Our OB reading in the intra-day yesterday triggered an acceleration today and has stayed in OB.  Therefore it is time to look for a resistance level since we are closing in near the ATH level.

There are two Gartley resistance levels I am watching:
High of 2134.71 to Low of 2044.02 = 2115.31 (.786 ret.)
High of 2129.87 to Low of 2044.02 = 2111.50 (.786 ret.)

Todays high in the SPX is 2111.98, so lets see what tomorrow brings

MT: DOWN
ST: UP
PA: UP

Possible EW corrective count: