SPX has met Cycle Top resistance at 2072.15 and been repelled. There is a small probability of another probe of no more than 5 points, but the probability diminishes considerably in the next hour or so. At this time SPX has spent 189 hours from its December 29 high to today’s high. 189.1 hours is divisible by 60.1 (14 * 4.3) and 3.1416 (Pi).

This opens the probability of a Flash Crash by the close of Wednesday, February 18.

How did the rally get funded? XJY declined this morning in a sub-Minute Wave (c) of Minute Wave [ii]. This is a retracement, so it may not last beyond today. The ultimate target could be as much at 100 or more as liquidity flees to safe harbor.

Regards,

Tony

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