In the event we do see a break down, I want to make sure that all members see this which will be in this weekend's report:
Ultimately, even in the best case scenario in the bullish perspective taking us to 2500 in 2017, we will likely be stuck in this current region for the next several months as we complete waves iv and v of wave (1) and then drop into wave (2), as outlined on the 60 minute chart. In the worst case scenario, this was a corrective rally which will take us back down to the February lows, and even much lower in 2016. So, for most investors, the sidelines is what is likely advisable right now. But, should the bullish pattern confirm in the summer, we will have a signal that we are on our way to 2500-2600 going into 2017.