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Do or Die

Last chance for the markets to rally.  If they keep going down after May 16, Monday then more likely the 'Sell in May' idea will start taking hold.

The main indexes have a good chance to rally from today using symmetry analysis:


2nd wave was a zigzag.  4th wave is a potential flat.  c-wave for both are of equal lenght thus symmetry trading method might just work again this time. 

Intraday wavecount pattern favors the bears;  so the bulls must rally Spx far above 1357.  A rally reaching 1373 will make the 30min chart a 1-2-3 rather than an a-b-c up measured from the 1329.16 low of May 5.

This is a high risk trade if taken.  So be very careful and try to minimize possible losses just in case the potential cross-over reject wins.  Major resistance to the upside is 1385 on the monthly chart.