The last comment from Friday was related to the SPY chart: "Looking for a close below Wave 3 Key Level (@ 558) to make for a ominous Monday Open." We got the ominous Open, but prices have caught a bid and are off their lows. What happens next will make or break our bearish forecast. SPY 120 GLD Daily Wave 5 keeps chugging along. New PRO Option Highs Three weeks left in April expiration.
