It is a while since I posted on SPX and over the last few months I have examined the wave structure since the low in 2009 in detail.
My thoughts are similar to those on the DOW in that a terminal 5th wave is very near completion!
When wave 3 is extended wave 5 often = wave 1 and this idea shows that wave 5 is indeed very close to the length of wave 1 now! and on a diverging momentum.
I have drawn this chart on log scale to show the wave structure more clearly.
Thoughts?
Good Luck
My thoughts are similar to those on the DOW in that a terminal 5th wave is very near completion!
When wave 3 is extended wave 5 often = wave 1 and this idea shows that wave 5 is indeed very close to the length of wave 1 now! and on a diverging momentum.
I have drawn this chart on log scale to show the wave structure more clearly.
Thoughts?
Good Luck