Brief Update

I am still out until May, but wanted to do a quick update.  We have gotten the anticipated sell into April.  Where we stand short term is indicators are not quite at bounce level.  I anticipate the bounce to come in the next 5 trading days and perhaps in the 1790-1800 price range.  I say perhaps because I need to see indicators match up at support before I think it is a level that will resonate.
I expect the bounce to be countertrend.  Bounce or no bounce, I am looking for at least SPX 1700-1710 by late May early June.  I will adjust if the market takes a different path.
Longer term the song remains the same.  We did not take out SPX 1915-25 area.  Accordingly, the Big bear still is a viable scenario.  We are still long term bullish until we have breaks.  As I have discussed ad nauseum, the 2012 pivot low holds the key.  Break it and long term bear is likely back.  Hold it and the new bull is primary.
Sorry for being so chartless.
Peace, Om,
SoulJester