A commenter to my most recent SPX post asked why I didn't label the 09/02/20 peak as Intermediate wave (1).
The sub divisions of the SPX 03/23/20 to 09/02/20 movement can not be counted as an Elliott motive wave because the supposed third wave is the shortest of the three motive - sub waves.
Third waves can never be the shortest of the motive waves (1, 3, and 5).
Mark
The sub divisions of the SPX 03/23/20 to 09/02/20 movement can not be counted as an Elliott motive wave because the supposed third wave is the shortest of the three motive - sub waves.
Third waves can never be the shortest of the motive waves (1, 3, and 5).
Mark