The short term trend of SPX

1) SPX will continue to go down tomorrow (Tuesday, Oct. 28th). However, this will be a short term bottom.

2) After tomorrow, the index will go up for 7 days and reaches a short term top on Thursday, Nov. 6th.

3) Then it will go down again and reaches another short term bottom on Tuesday, Nov. 18th.

4) The mid-term bottom will be reached around middle of Jan., next year.

5) If the amount of decreasing of tomorrow (Oct. 28th) is D, then the short term top at Nov. 6th will be around 3.6*D above today's index level (848.92). Then at the next short term bottom of Nov. 18th , the index will be at the similar level of tomorrow's bottom, i.e., -1.0 * D from 848.92.

6) Don't be fooled by the seemingly double bottoms (Oct. 28th, and Nov. 18th)! The market will contiue to drop, at the mid-term bottom in Jan. the index will be at the level of -2.7 * D.

7) My model can not figure out what the value of D is. But we will find out tomorrow, won't we?