Smooth Wave Theory - No Priceline Required

SP:SPX   S&P 500 Index
A different perspective using exponential moving averages and "smooth" wave counts only.

Each EMA represents an X number of Fibonacci-related periods.

There's no Priceline, so there's no noise. No exogenous nonsense; no Institutional Oil dumping, no "fear"-induced VIX interference, and only some government meddling.

Thought we could just cut right through it instead.