Thursday, March 3, 2016
S&P Hitting Resistance
The S&P is trading right at a key level that needs to hold for this count to remain valid. The jobs report tomorrow could send the market tumbling down and keep this count on track, but if it doesn't then a recount will be in order. Depending on the price action Friday, and the continuation Monday and possibly Tuesday, I will reassess what count would be the most viable. But for now, I remain bearish with the above count.