1969 and 1679?

My post last night offers a detailed analysis on why 1969ish is a good possibility for a high today or early tomorrow, and it projects a downside target of (1) 1828ish or (2) 1735ish. However, after a bit more thought, I have another target of (3) 1679ish. I actually like #1 and #3 the best.

SPX 1679 is a potential downside target because (1) it is almost precisely where the bull market trend line resides after better measurement (I said 1700ish last night), (2) it would make wave 5=1+3 just like v=i+iii in my count, (3) it would produce a flush and true panic kickoff to an SPX 725 March 2016 target, (4) it would pierce the weekly 200SMA and 20% bear market level and (5) it would touch a 13 year trend line starting from the 2002 SPX 769 low going through the year 2008 wave 3 of 3 gap downs and then the 2011 high at SPX 1371and 2012 high at SPX 1422 and a couple piercings shortly after.

Let's say SPX completes a wave 4 near 1969. Then, the 1828 target level would actually be a good spot for a wave ii of 5 bounce back near 1900 for a final head fake. So, assuming SPX make a lower low, this means exiting shorts slightly above 1828 is probably a good idea with consideration to re-enter above 1860 for a final trip below 1700. This would also produce 2+ money doubles using my MDC strategy although the risk of failure is extremely high.

I actually might like the 1969 low better than 1828 because it would be truly unexpected and make the whole count so mathematically perfect and proportional. And, keep in mind, many big name stocks were reported to have printed stock sales 15-20% lower at the Monday open. They recovered rapidly to 2-4% losses, but, in my experience, such ticker prints are often precursors to later action where the market really wants to go. If so, 1679 is feasible. Futures were on lockdown and on their way much lower before the Monday open saved them. Finally, keep in mind that massive margin calls usually come within 3-5 days after a huge move, so if it sticks for that long, you will get a final flush. We are already on day 4 for some margin calls when SPX broke below the 9-month support area and probably on day 2 or 3 for falling below most people's expectations for a drop, so I'd guess the doomsday flush would occur Friday if SPX stays low.

SPX still has the opportunity to rally from the current 1867 low or after a slightly lower low such as 1828 because oversold indicators are so extreme. It's just when I started putting the puzzle pieces together, SPX 1969 and 1679 appeared to be near-perfect fitting puzzle pieces for all the reasons listed above, so watch out! Good fortune.

P.S. A triangle wave B of 4 today is possible. However, wave 2 had a sideways B even though it wasn't triangular or deep. So, I think a triangle is unlikely due to alternation but not impossible. I prefer the flat count approaching and likely exceeding yesterday's 1954 high to 1969ish.

P.P.S. An ending diagonal C would also fit in which case SPX could fall back near 1900 in 2ofC if it wants to but more likely 1910-1925, then pierce 1954 attracting sellers briefly then rallying to 1969ish to stump everyone.