Again, after a Major Top I expect a 2/3 yr Bear Market with potential decline of 25/35% into next decade when the secular bull should resume
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Bear Market should be Wave 2 of Cycle degree which means next decade there could be a massive Bull as Wave 3 of Cycle degree
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So then range into next decade could be 2700 upside/1700 downside
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Very interesting GDP numbers: 1Q15 was revised up to 3.8% YOY, massive, this is where the peak was and SPX topped few months later before plunging inline with GDP. 2Q17 continues to confirm acceleration to 2.2% from the cyclical bottom in 2Q16 of 1.2%YOY.
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Very tricky month of Oct coming
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Withing striking distance of BB No Taper resistance. Risk is very high
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This looks like extended 5 of 5 of 3. If one uses 1371 as P1 end then P3 at 2135 was about 1.50 of P1. Then if this is Wave 3 of P5 from the election low at 2084 (cash), then c. 1.50 of Wave 1 of P5 should be coming right here somewhere 2535/2540 where the BB No taper trend resistance lies. Wow, interesting as usual