5/5 3:40

The stock market completed wave 3 this morning

What is the difference between a bull market and a bear market?
Answer:  The bear market declines in 5-waves not in 3-waves.  So.....if I1 is valid and the low is next week then the 3-wave decline in the chart above will turn into new lows.  If the momentum of this strong rally over the past year is still in force then the market will rally beyond SPX 1182.