14-15 Week Cycle - Gann Square of 90 "7/8 Move" & SPX 1355

Whenever I find myself getting a little too bullish and trying to cheer the market, I consider a top may be at hand. And as a trader, I am very willing to change and let the market dictate the flow.

We bought this last dip, here are some reasons to be cautious and sell the rip....

I've had a June 3 date for awhile which fits in the 14-15 week cycle: a dominant cycle that can be traced back into 2007. This cycle hits end of this week...June 3 +/-

The April/May move was very bullish and speculative and had all the characteristics of a b-wave. Bin Laden top of May 2 and top of May 10 were rosy and bullish. If they did indeed complete a b-wave, things could be somewhat dangerous and bearish here. Ive notice several big name stocks have been declining on large volume, this is the what Jesse Livermore watched so closely near tops.

Next there is a 90 calendar day Gann Square where the divisions have fit very well with short term moves. Ive noticed with these Gann Squares that moves will very often finish at the 7/8 part of the square, which is roughly 78.75 days or June 3

Last two charts are doubling the range which may be pointing at SPX 1355 +/-

Selling and lightening up into these rips into Friday (which may hit SPX 1355)....just in case a b-wave top is already in on May 2-10. Not shorting, but waiting to see what happens after June 3.