SalN
Long

SP 500 "weekly view"

SP:SPX   S&P 500 Index
SO obviously we are in the supercycle 5th wave. Inside that, we are in the 3rd wave. Inside that 3rd wave we have just completed the smaller degree 4th wave (even thought it felt big) and are about to trek up for that smaller degree 5th and complete the larger 3rd wave. The drop for the larger 4th should be huge and impulsive just like this last drop . I was expecting an impulsive drop because of the wave 2 corrections being long and slow. So the same goes for this next drop . Timing it is not something I wish to really do right now, except that if the larger cycles are still about correct, then it could start with a September rate hike and end towards the end of the year. GL
Comment:
Wave 3 is shorter than wave 1....so wave 5 cant climb more than 100% measurement of wave 3.
Hi @SalN how about we are still in small iv which may hit new low around 2300, then going up with new ATH after summer in small v. I think it'hard to hit new ATH in the coming two months. The vix already break up the long-term downtrend. What do you think?
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