Neilbob
Short

SPX market is now "noticeable" fitting a 3 of 3

SPCFD:SPX   S&P 500 Index
since it is notceable I'm trying to fit a 3 of 3 of a C to the EW count.

and yes before you send me hate mail.... the A or B could be a 1, 2 which makes the bear longer.

Comments

Have the same wave count as you. We should have a 4 up to 2450+ before going back down to 2250 to complete 5.
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are bear waves down considered 5 or only 3 wave structures?
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Neilbob Reekardo
@Reekardo, there should be a 4,5 right after this. In an ABC zig zag pattern the A and the C waves are 5 waves each. Im trying to count the C ans a 5 that has an extended pattern within. so 1,2,(1).(2), (3),(4),(5).4,5
does that help?
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Reekardo Neilbob
@Neilbob, yes it makes sense. do you think the spx reached its major 5 peak? or is it in a major 4 correction?
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Neilbob Reekardo
@Reekardo, this count with an ABC is a correction in the original trend. I have another (not posted yet) that most other guys are showing that the 5 is done. and the trend has changed. those are the 1, 2 counts down.


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Neilbob Neilbob
@Neilbob, in this count the ABC would end in a 4 and there should be one last big push up. But this count is not very well received in the EW community. Most have a much more bearish outlook in the where I have market in a question is this the top? They do feel its the top and a 5. I think that include the guy who wrote the book, Bob Prechter (but I dont pay for his count so I dont know for sure)

I'm just laying this out there for a more simpler possible count

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