S&P 500 - Still headed for the 1.130-1.150 area

The isn't much new to add. We are still headed for the ideal target area from 1.130 - 1.150, from where the next big decline should be seen.

The current consolidation could evolve into a small triangle. If that's the case we should see a small set-back from near the current level near 1,116.35 before the last thrust higher into the ideal target area.

Remember that triangle foresay the last move in direction of the trend before a trendreversal is seen.

We are in the late stages of the expanding flat correction that began on May 25 and all demands in relation to form is fulfilled at this point, so a top can be found anytime now. Ideally the top will be found on Wensday, when the entire corrections has taken 21 days. At that point black circle wave 1 and 2 will be equal in time, but it's not a must!