I post on this sporadically. It may not be qualitative enough for today's environment but the overall map I have been posting for about a year has done quite well.

Check out the original monthly map here from March 2016 calling for SPX 2250-2500 2017 Q2 to 2018 Q2. That was written with SPX about 2050. Compare the original projection to where we are today.

More recently I updated the map in January 2017 here. I would say things are nicely on track.

Per 1/8: "Wave 3 subdivision of larger wave 3 'should be' the longest and strongest wave. According to this view, top callers are pre-mature here. Strength begets strength as Wall Street drools over tax cuts, stimulus, and money coming out of bonds. This is what euphoria looks like."

If you don't understand the jargon please review the two linked posts.

Basically, monthly wave in process and that ideally plays out on a 5 wave pattern visible on the weekly chart. Weekly chart is in wave 3 subdivision of larger wave 3; the longest and strongest.

W1 = 2/2/16 bar low to 4/18 bar high
W2 = 4/18 bar high to 6/27 bar low
W3 = in process from 6/27 low, subdividing
w1/W3 = 6/27 low to 8/15 high
w2/W3 = 8/15 high to 11/7 low
w3/W3 = 11/7 low to ? ? ? - could be in or nearby

When w3/W3 (wave 3 subdivision of larger wave 3) completes, this is what remains:

w4/W3 pullback, consolidation, sideways
w5/W3 up
W4 down, that ideally has some symmetry with W2 (more on that in a future post)
W5 up = END

Let's update the charts. I continue to stress the liens indicate the pattern I am watching (loosely), not a specific time price projection.

So, the issue here is even if we just saw a decent trading top, what is next is a wave 4 and this is more likely to be sideways and drawn out in time. The better speculative short and major long exits will be at the completion of Wave 3 and then especially Wave 5 which, according to this view of things, will end the bull market.

I am less clear on the daily view so rather than post a few counts will just end the post here.