VIX made a new Master Cycle low today, rather late in the Cycle. I originally indicated it had bottomed in February. The EW pattern was correct, but at a lower degree. This is one of the pitfalls of Elliott Wave analysis in a correction and Waves B and E are especially roguish.

SPX is now in hour 118 of this Cycle. Should it go the 120.4 hours indicated, it may turn sometime after 2:00. It may earlier or later, depending on other factors besides the Cycles.

Regards,

Tony

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