Trying to gauge the current wave is a tad taxing. We know Supercycle 1 ended at the beginning of 2022. This is followed by Supercycle wave 2 which is composed of an ABC corrective wave. The question is are we in the early stages of wave C and about to end Supercycle 2, or are we in the middle of wave A with plenty of plummeting ahead? Historics would have...
I am short this week. Long for the following three. Short for the four after it. We should start strong on Monday and finally end Intermediate Wave 4 early. Right now the models point to a bottom by Friday, that bottom is projected for the 4160 mark. This would mark the final bottom for Primary wave A which has been the downtrend since the beginning of the year....
This is an estimate of SuperCycle 3's end based on Cycle 1's makeup of the larger wave. While we may be correcting currently, it certainly will not last forever, and big gains appear likely in the future. I currently project SuperCycle 3 to end between 6475 & 7253.05 sometime between 2024 - 2027. I will continue to update this projection as more time passes.
This appears to be perfectly in line with an expected correction. Cycle 1 just end at the beginning of January, which was about 2 earlier than my initial estimates but that is why I call them estimates. Cycle 2 should bottom around early March. Historically speaking, the second Cycle wave retraces the length of its wave 1 by 10-23%. The largest retracement was...