Best should be over as this strongest Wave should be completing
Comment:
VIX has also started diverging just like in 2014/2015 final upwave before the crash 2015/2016
Comment:
5 consecutive Q of GDP acceleration to 2.3% YOY, comps are getting progressively tougher into 2018 and as a result slow down at latest 1Q18 is highly likely. This confirms Wave 3 strength which should be very close to completing, just waiting for NAS100 to get the final upleg to get indexes in sync
Comment:
Most likely SPX is still in 5 of 3 of 5 which better corresponds with VIX low in mid summer which should be 3 of 3 of 5 (where momentum peak is). If correct, then there should be 3/5% pullback from local top which should be coming pretty soon to to get 4 of 3 of 5, and then 5 of 3 of 5 into 2018 where a more significant correction should happen. 2660 target there
