The next confluence of Fibonacci retracements is at 2,382 and is our price target for SPX but last Friday was a 21-day cycle high so something's gotta give here. A 6mo cycle high was due last week, too.

Lindsay's 107 day interval points to a tradable high no later than today.

Try a "sneak-peek " this month at Seattle Technical Advisors.com

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

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