7 Oct 2015 - A=C Reached

The A=C target I had pinned as a possibility has been reached and had a the SPX in the red today.  I would look for at least the ST to turn down before any initial short play.  This move could also still be a sub-wave of an a-wave of C so we should keep that in mind.  EW can always sub-divide which is the tricky part of this analysis, but one that which most technician tend to end as fast as it starts to form.

The intra-day charts are also still bullish, therefore we should look for an OS condition for things to turn around for bears.

SEN: Bearish
ST: UP
PA: NA