Pulse of an asset via Fibonacci: SPX true 4.236 correction done?

"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Until a new Impulse occurs, the Price oscillates within "Energy Bands".

The Golden Ratio is the underlying building block of the entire Universe.
From the Arms of a Spiral Galaxy, to the Bones of Your Fingers, it's in there.
If there IS a God, then we will surely find Him/Her/It thru the Golden Ratio.

Shown here is the SP500 Index, and the correction started by a Covid variant.
500 large companies, each with hundreds of variables, worth trillions of dollars.
Yet, the "Answer" to that ridiculously complicated equation is "The Golden Ratio".

4.236 is the most common wave endpoint, so the correction may well be done.
The numerous "Pings" along the wave front confirm the validity of the fib series.
The "Impulse Core" (the golden pocket) will be the strongest resistance in this area.

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My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only

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Comment:

Bounce got TROUNCED!

BUT we got another PING, this time on the 5.618

Powell presser and new Covid variant arriving in US spooked the markets.
Now we have a bounce on the 5.618 so we are still in the wave.
It could certainly go lower, but also possible this is a bottom.

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