ALT SP 500 WAVE STRUCTURE IS STILL VALID 4th wave

Invesco S&P 500 Equal Weight ETF (AMEX:RSP)

Updated

AMEX:RSP Invesco S&P 500 Equal Weight ETF

trendanalysis waveanalysis harmonicpatterns rsp spy

The chart posted is the alt wave structure . there is a cycle low due 12/16 and odds favor the last grasp up into jan 3/10 . I still need time for the 2023 forecast as it is a very neg cycle I am working on the time spirals still and it take hours to back check the data back to 1902 . So for now I still feel that we are now in dec late 1973 . The cycle projection from dec forecast model was spot on for the low due 10/4 to the 20th focus on the 10th and a target of 3510/3490 . I am working on the math > I can tell everyone that 2023 will see another drop and decline with the market going from inflation to a massive deflation cycle as the chart of housing is just starting to roll over. As the 40 plus year bull market in BONDS has ended and we just are going back to mean in RATES I do not see rates ever going back to under 2/2.5 in the 10 yr and I have a view that we will see a debt implosion The final bear market low should be oct 2023 and sideways to down into oct 2024 The DEPRESSION LOW

Comment:

I have taken ALL LONGS OFF AS OF THIS POST A GAIN OF 3.5 TO 4.6 % I do NOT like the setup in the VIX the pattern is that a blowoff in the vix this be very neg for the index in the sp qqq sox

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