SPX - the market will go up but perhaps not at once

Considering I do not think the last top is the CYCLE TOP, the first two scenarios are the following:

 

Preferred scenario; we are in upward wave c of y , the last impulsive wave of this Cycle; this count is invalidated below 1639.

 

First alternate scenario; the last top has been wave Alt:a of (y) ; now we are in wave Alt:(a) of Alt:b with target @ 1560.

 

My US stock portfolio is: QCOR, GMCR, FLT, SLM

 

Interesting leading names: LNKD, SFUN, NUS, WWWW, EGOV, OCN, EVR, DDD.

 

Have a great trading day... with care!

 

ElwaveSurfer