From T&C Daily email:
The dominant cycle had an 8/17 Major High and a decline and bounce into 8/23 lower High, which was confirmed by 8/23 being a double CIT High, both a geometric (60-70% accurate) and a Solar CIT (84-90% accurate). From the 8/23 High we should see a relative sharp decline into the next Major CIT cluster on 8/27-30 weekend CIT, which includes an 8/29 Solar CIT, a double MTC on 8/28-29 and an Apex of the wedge doe 8/27-30. This should be a Major Time and Cycles Low, completing a 5-3-5 Ewave ZigZag from the 8/9 Highs to the 8/27-30 Major Lows"
Intraday Update today:
"1056-57 SPX is the 7/20 swing Low and the 62% retrace. Below that we should retest the 7/1/10 Major Lows and see new Lows."
Globex is pointing to a -13 SP open, below 1052 on the futures, a close below 1056 SPX would be bearish and confirm the highs are in on 8/23 lower High and wave 3 or C is underway into 8/27-30 Major CIT.