Waves and Projections - Start of Supercycle Wave III, Post-ABC?
SPX
Believe I have narrowed down the choices to two possibilities on the Supercycle level:
1) Just completed Wave I of the new 2020 Bullish Supercycle*
2) Just completed Cycle Wave I of Wave 5 for the 2009 Supercycle*
*I think that we are about to start the ABC corrective phase for either choice, regardless of what 5 wave impulse was just completed.
Any thoughts would be dope.
Comment:
Pig-Peg Failed. Chart above needs to be shifted up 100 points, unless China breaks us the bad news that the first 18 Covids have escaped from the top-secret weapons lab.
Wave 5 is still apparently extending, so Wave 5 will very likely end at 3135-ish. Corrective spots are still spacially aligned correctly, until further notice.
Sucks to be wrong, but I''m not seeking victimhood. At the EOD, I am a Pig, so it's easy for me to change sides.
That said, wouldn't mind a 100 point zap down in the AM.
- Pig, Perma
Wave 5 is still apparently extending, so Wave 5 will very likely end at 3135-ish. Corrective spots are still spacially aligned correctly, until further notice.
Sucks to be wrong, but I''m not seeking victimhood. At the EOD, I am a Pig, so it's easy for me to change sides.
That said, wouldn't mind a 100 point zap down in the AM.
- Pig, Perma
Comment:
See the latest public peg post for some pretty cool findings, and what I believe to be the exact movement for today's SP600 tape.
Trade closed: target reached:
Start of Wave III is confirmed and upon us. Closing this.
a. Swift Down to 2896.66 by Thursday
b. Violent Bounce Back Up to 3,006.01 by Friday afternoon, week close at just above 3000.
c. Sunday-Monday instant sell-off to 2880, pause for some time, then gush down to retest 2750
It might take more time than my Pig Peg schedule, but move up was pretty damn fast. Figure move down will be faster.*
*Inevitable negative COVID outlook will be all over media this week, whether it is significant towards re-opening or not.