My opinion:
- SP500 has completed its wave III from Oct11 since Dec/Mar15 already.
- The only reason why it has been stabilized for so long was to allow the bullishness to be expressed in Europe.
- Technically it has been supported by the line taking most bottoms from feb13.
- Note that wave 5 = wave 1 = 16% (if the count is correct).
>> Expecting a wave IV that should be in the 10% magnitude/ 1 month.
>> Then wave V should launch and could be 16/30% and last 5/7 months.
>> locally if i am wrong about the imminent correction, SP500 could catchup to 2155 but it would be too perfect/Obscene.... I dont think so.
I think it is tired/wants to breath but could not so far. Let's see the next 4 weeks.