Assuming the retail data comes in 'acceptable' tomorrow, the market looks set to hit 1335/40, which opens up my 1350s target zone by late Thursday.
IWM, bearish
Dow
Sp
Transports
Summary
This mornings floor of sp'1306 was surely the floor of wave'b. So...just wave c' to go in this main wave'2 corrective wave. The completion of wave2....leads to the destructive wave'3 - which should by definition be more intense and deeper than wave'1 (150pts),...so I hold to my original target of sp'1150/00 by end July.
Its a bold prediction, but all the monthly charts support it.
So I'm standing by to short in the sp'1350s.
A little more later.