It has been a challenge to get the short term picture correct, and I always enjoy a good challenge.
I think we will see a sharp spike up to the gap at B 1317 early this week. In the following charts A=C. Both are 95 points, and therefore my estimate of the near term bottom C is $SPX 1222.
I have looked at this in great detail a number of different ways including numerous cycles (most of the analysis is not shown here), and all line up very well. So I have a high degree of confidence in this pathway. I am looking forward to seeing the before/after on this one.
Be prepared for a wild week!
The following chart shows the symmetrical patterns in place. The bottom should resemble a triple bottom similar to the Nov 2010 bottom.