11:03AM - If this is a .382 retracement in the S&P 500 in a W4..

It would hold right where it is (1191-1193) and rally back to the highs by tomorrow...1191-1193 is .382 of the W3, but if this is a completion of 5 waves up, the worst case scenario is a retracement back to the previous 4 at 1150..but it's too early too call that ...