Up and Down For 3 more weeks

SP:SPX   S&P 500 Index
This chart lays out the estimated Minor waves in Intermediate 5 as mentioned in my weekend analysis. These estimates place:

The bottom of Minor 1 around 3601.23 today for a total wave 1 loss around 205.68;
The top of Minor 2 around 3740.37 on October 12th for a gain around 139.77;
The bottom of Minor 3 around 3474.12 on October 18th for a loss around 266.25;
The top of Minor 4 around 3555.33 on October 20th for a gain around 81.21;
The final bottom for Minor 5, Intermediate 5, Primary 5, and Cycle A around 3340.36 on October 26th for a loss around 214.97.

These estimates nearly align with all levels from the other day but there is some give in take in them. We will see how close these levels as well as everything mentioned in the weekend analysis occur.

All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!

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