Unless 4200, 4150, 4050 get taken out then top has been made, Bottom should be in on around 21st July than last wave up should complete in August. Watch how HYG is behaving.
Comment
⋅
150 Months cycle in play 1929 top to 1942 Bottom 151 Months 1994 Bottom to 2007 Top 151 Months 1974 Bottom to 1987 Top 152 Months
1987 Low to 2000 high was 150 Months 1998 Low to 2000 High was 17 Months
2009 Low to 2021 17 Months = August 2021 2020 Low to 2021 17 Months = August 2021
Most it took from bottom to top was 152 Months. Either top come now or By October. even if you are 2 Months early Drop will bigger.
Top is in once When NYSE McClellan Summation Index goes under Zero. Market will enter Bearmarket for sure. then all bounce should be sold until it goes in oversold territory. will take around 33/34 months to reach bottom also we will see 1 huge bounce that will take time to resolve to downside use the link bit.ly/3mg0dAX
#SPX500
We will find out if that is the case on Monday if there is No D or E wave. which means low will around 6th October then Bounce which should last till 12/14 October.
Scenario 1: Wave 2 done
Scenario 2: wave 2 end with D and E wave.
dipak
⋅
150 Months cycle in play
1929 top to 1942 Bottom 151 Months
1994 Bottom to 2007 Top 151 Months
1974 Bottom to 1987 Top 152 Months
1987 Low to 2000 high was 150 Months
1998 Low to 2000 High was 17 Months
2009 Low to 2021 17 Months = August 2021
2020 Low to 2021 17 Months = August 2021
Most it took from bottom to top was 152 Months. Either top come now or By October. even if you are 2 Months early Drop will bigger.
dipak
⋅
So far Looks like all 5 waves are not Complete on Dow unless 34180 get taken out
3rd of September is an anniversary of 1929 Crash so should see 36K or under to finish all waves.
last year 3rd of September was short term Top. September top works Better then August top
We will find out if that is the case on Monday if there is No D or E wave. which means low will around 6th October then Bounce which should last till 12/14 October.
Scenario 1: Wave 2 done
Scenario 2: wave 2 end with D and E wave.