Geofftv1
Short

SPX - 4th wave may have finished?

SP:SPX   S&P 500 Index
The minor wave 4 double zig-zag suggested in my last post was a lot stronger than expected but
may have finished yesterday as a clear W,X,Y correction.

There is strong momentum divergence and an initial wave down in progress, first target is the gap
at 2460.

Good Luck
The supercycle Wave 2 we are in consists of five sub-waves down.
The 4th sub-wave, you're speaking of, might soon have finished.
But we still have some other serois waves to go. See my ideas
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ReallyMe ReallyMe
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Geofftv1 ReallyMe
@ReallyMe, Interesting idea, I not that the (experts) at Elliot Wave International believe that a Grand Supercycle has just completed!
Personally I concentrate on the shorter term of a cycle or so.
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ReallyMe Geofftv1
@Geofftv1, if the experts at Elliot Wave International able to agree that the cycle will always be completed at the lowest point of the correction Wave C, then they should actually be able to see that it was the case on 09-Mar-2019.
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Geofftv1 ReallyMe
@ReallyMe, I think you mean mar 2018?
I have seen many long term EW patterns covering the last century and of course only time will tell which one is correct!
Personally I follow the work of Bob Prechter at EWI who is convinced that this coming bear market will be very severe.
If correct his theory is that wave III circle of Grand Supercycle finished in Oct 18 and the coming wave IV circle correction
will take the indexes down towards the values in the 1970/80 period in the next few years. Scary thoughts.
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