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Will_Wong

SPX: Is Wave 4 Correction Over? We should know soon. Here are 4

S&P 500 Index (SP:SPX)  
Will_Wong Updated   
SP:SPX   S&P 500 Index
Wave Analysis
20
6
waveanalysis
Possibilities. 1) Wave 4 is over, Wave 5 has started, 2) Wave 4 AB is complete, Wave C in progress-Triangle, 3) Wave 4 AB is complete, Wave C in progress-Flat, and 4) Wave 4 AB is complete, Wave C in progress-Sharp and Head n Shoulder.
Comment:
Pennant Formation. Closed above trend resistance line

snapshot
Comment:
Comment:
Busted trend resistance of triangle

snapshot
Comment:
Need to clear the ugly head.
Comment:
Since 2000, all the major highs and lows for the major indices have matched. Based on this, I can confidently declare that both the DOWI and the SPX have finished their wave 4 corrections and have embarked on wave 5 up.

snapshot
Comment:
The primary count is voided because wave (iv) has now encroached into wave (i). The other corrective count still possible is to treat the present uptrend as wave 2 of 5 of C. But that is only about 3 points shy of been voided as well since wave 1 of C is only 3 points longer than wave 2 of C.so it is becoming clearer that the Alternate count has become the primary count which is the current uptrend is wave 3 of 5.

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