Intermediate wave (Z) of primary wave B is probably coming up. The first zigzag in the pattern - intermediate wave (W) - can probably not be counted as a single impulse. I'll post a zoom-in. I would go long strong small cap stocks on the coming retracement: minor wave B within intermediate wave (Z). Other major averages - SPY, QQQ, and DIA confirming another wave...
There were lots of triangles in this entire ABC correction so wave 4 will probably also be a triangle. I believe intermediate wave 4 of primary wave A was also a triangle.
Then wave (5) up to complete the entire ABC correction.
Just a zoom-in. Ending diagonal for wave (5)?
Change of plans... I'm going with my original forecast from way back when (see my first published charts) - I think we're in Supercycle Wave (B)... which means still higher prices so that part hasn't changed; and still a major crash afterwards (no change either). We might form a TRIPLE zigzag though, but consider serious hedging at SPX = 2500! The NASDAQ...
GRAND SUPERCYCLE 4 IS STILL IN PROGRESS !!! MACD histogram in the background showing a divergence for Supercycle Wave (x) !!! Monthly chart looks even WORSE! LOOK OUT BELOOOW!!!
Adobe has had quite a healthy run! ...So expect it to get sick - very VERY SICK! But then it'll get better, waaay BETTER! Go LONG @ $8 / share =p
in it's final wave up - OH CANADA!!! Real estate will lead the crash doooown!!! Still a decent long for the next year-and-a-half though.
3rd wave (of C of II) seems to be extending. Checkout my /CL futures chart for a zoom in.