SPX finished 2018 with a bounce as is usual given that most fund managers
will want to maximise their annual performance.
My stance on stocks has not changed and I believe 2019 will continue
with this theme.
From an EW perspective I have the current bounce as minor wave 4 Blue which may be
complete or may finish at the 50%fib 2527?
Minor wave 3 blue =200% minor wave 1 blue & minute wave iii Circle = 200% minute
wave I circle. Also in wave 4 blue W=Y as shown.
If correct I expect to see wave 5 start soon.
Because if you zoom in on the first (A) to (B) leg, you can see that it consists of 3 ascending waves:
Unfortunately, the more and longer this intervention occurs, the greater the eventual plunge will be and the longer stabilization will take...