[Sunday May 3rd edit: 3:45 PT: Dow Futures -300]
Excerpt from May 2nd subscription service: "Weekend Update: SICK"
"Pattern recognition set-ups as clean as this one are a sight to behold. If we can't pull the trigger on an opportunity like this, what are we doing here? SPY closed Friday at 282.73. A half-hourly print below $281 generates a Short-Term Sell Signal, but in the context of the larger patterns of the S&P, Dow (DIA-Daily chart below), Nasdaq and Russell 2000, this signal, if generated, could be the kick-off and resolution of the entire Elliott Wave pattern that we have been following for the past month: A swift 3rd Wave decline below the March lows."