On Wednesday, October 14, 1987, the SPX retested the bottom trendline of its Broadening Wedge in a Minute wave [ii]. Today we crossed inside (for a second time) a more bearish Orthodox Broadening Top in a Minute wave [ii].

Back then, Wave [ii] failed at the lower trendline of a Broadening Wedge. Today, Wave [ii] failed to meet mid-Cycle resistance at 2058.14, where most Minute Wave [ii]s reverse, inside an Orthodox Broadening Top.

The October 20, 1987 low Was 12.9 days early, according to Martin Armstrong. The anticipated low at or near the close on December 17 may be 8.6 days later than projected by the current Master Cycle. In other words, there are similarities that are consistent with fractals, but not exact images.

What makes this unique is that the Crash of 1987 did so in 4.3 market days from its trigger point. The same or similar time fractal may be at work here, as well. In other words, The anticipated low ath the close on December 17 matches up pretty well with the October 20, 1987 low in time, if not in size.

Respectfully,

Tony

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