Yesterday started out as expected by pushing up for a new high over that of Monday but did surprise by stalling short of targets. Main hypothesis is that was a third wave high up from the low from March 2nd and had the first wave of a fourth wave down into the close. Today should see a push into at least 2786 SPX late in the day in a small 'b' wave. Since the FOMC meeting is next week, I am expecting prices to travel net sideways the rest of the week in a triangle. Other options for the fourth wave are possible but this is the one the uses up the most time hence why I think it is the best fit.
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