Market Didn't Move - Market Analysis for May 23rd, 2016

We usually need movement in the market in order to be able to provide further updates.  However, today, there was basically no movement.  And, due to the lack of action, there is no more insight I am able to provide beyond the weekend update.  So, at this point in time, I still would like to see us heading lower, as long as we remain below 2075SPX, to complete the (a) wave of wave (2).

Avi Gilburt is founder of