B-Wave Triangle Developing - Odds Favoring Gartley Diametric Drop into January

Hourly chart of SPX looks in very weak position. Yesterdays rally has so far failed to exceed the December highs. Corrective triangular action is now starting to be seen on the chart which would confirm a b-wave. A few more days of sideways consolidation should complete this wave b into the New Moon area, before resumption of the impulsive down trend. The next several weeks look absent of outstanding bullish astro-cycles which would align with a downtrending c-wave. 

Concerning Gann 360 cycles, a 90 from 9-22 low and a 120 from the 8-22 low is due now and should culminate the b-wave.

Concerning Hurst - the 20 week lows should hit with the Square of 9 cluster January 10-11, 2012.

While longer term bullish, I'm going with the Gartley Diametric here short term. Once this Gartley completes a very powerful uptrend will astound investors.

SPX 1155 is the target for wave G.

Rough Andrews projection: