Hi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally.
Wave 3 = 4.236 x length of Wave 1
Target = 6440
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally.
Wave 3 = 4.236 x length of Wave 1
Target = 6440
Trade active
Comment:
SPX
Comment:
S&P 500 (1871-2024)
(The Blue Path) Wave 5 is still not complete
Target > 6000
(The Blue Path) Wave 5 is still not complete
Target > 6000
Comment:
SPX
Comment:
SPX 5366
Comment:
SPX 5421
Comment:
In a lot of ways ...