The time and price are right!

The Gann circle looks great and with the back off today even better.
Why do I say time is right?
The 1422 high ( Spx) was the first day of April, 30 degree later a near high on the 1st of May. If we take out todays high and close above it then this scenario is dead.
Advanced Get has the daily Dow in a wave 5. The weekly Spx is in a wave 5
so the daily is an issue.


If we break higher then here is scenario #2 using pitchfork,cycles,
and Elliot targets.

Click charts to enlarge.

I will add I never seen the oversold levels to promote this rally so it could fizz just as fast depending on a few more earnings.

Jerry O