Overview: on my last update of SPX I published on Feb 6th, I proposed the idea that my former alternative count of bottom being in (bear market being over) is my new primary count and that we were inside wave 2, developing as a flat correction.
I had leg b of flat at its very last stages of development (triple zigzag).
Update: what I see now is that we have completed wave b of 2 and the last leg of flat has started. On the hourly chart, we are inside wave 5 of a of (III) of c of 2.
I had leg b of flat at its very last stages of development (triple zigzag).
Update: what I see now is that we have completed wave b of 2 and the last leg of flat has started. On the hourly chart, we are inside wave 5 of a of (III) of c of 2.
Comment:
Perfectly followed:
