Full analysis Sunday evening

I am on the road traveling, so this is short and before the close.

In brief, I was mistaken by the April 2 - ADP employment report and the accompanying $SPX response. Although $SPX dipped below 1,537, it did not have a daily close below - more importantly, $DOW more accurately displayed was really occurred. This is a rookie error.

Point is, if you look at the projections of our model as presented here before April 2, you will see that the projections called for 1,610-1,620 end target, with today's top at 1,618.46. This is also the end of 5 waves up from the recent low of 1,581 on May 1.

More self evaluation on Sunday.