1296 on SP Here We Come!

As I said before the top was in  and I believe the market is  now in the 3rd wave down and tomorrow we should see 1296 on SP possibly a short bounce after that but to no more than 1310 just to go back down to  1294 and further drop from there looking at 1256

Futures are down tonite at 8:52 Pm EST and as we speak oil is going for $100 a barrel.  Stock markets never did play well with high oil prices because it hurts every industry and sector in the stock market especially the consumer.  When high oil/gas prices occur, consumers spend less, alot less.  We are looking at $4 per gallon gas right around the corner.