The 56 hour Cycle, which I first discovered a couple of months ago, is next due Monday 9/17/07@1st hour. Notice the last 56 hour cycle pinpointed the last high on 9/4 @close perfectly as well as the last Major High on 7/19@close. Why it exists I am not sure, but what is apparent is that it continues to work.
On the chart I have shown the potential bullish count. The 5 black horizontal Lines are the Gaps created on the chart, the last 4 gaps were created in the last 2 weeks alone, since the 8/28 Lunar Eclipse Low.
As you can see, there is Major resistance at the 1478 SPX area, which is right at the Gap above current prices, the Fork Resistance Line and the Key horizontal Gann Trendline. Any sustainable rally will have to take that 1478 SPX area out first.
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