S&P: Scenario 2: the Running Flat
This push higher off the Oct'23 low lacked a micro i up, ii down at the start and therefore I think that most likely its a false start of the accelerated part of the subwave ( c ) of wave ( iii ) up. Then we should be dealing with the subwave -b- up to be followed by a subwave -c- down (unfolding very bullish the Running Flat corrective a-b-c down structure)
I prefer this scenario more than the straightforward very bullish direct path leading to the Red Target box.
I prefer this scenario more than the straightforward very bullish direct path leading to the Red Target box.
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