My Best Grand Supercycle Attempt For SPX
In my best guess at where we currently lie in the Grand Supercycle Elliott Wave Theory, I have us in Wave 3 Grand Supercycle, Wave 5 Supercycle, and Wave 5 Cycle. This most likely puts the pullback for Wave 4 Grand Supercycle and A-B-C Correction for Supercycle/Cycle between around 2350-2085, which are .618 levels. However, based on earlier corrections the market tend toward 50% on the A-B-C Corrections, if you throw out the 1929 crash in which the financial protection devices available now were not around. So, if we do lose 50% or so of value from what I believe will be the top of Wave 5 of this Cycle at around 3378 or so, that puts the pullback as low as the 1650's. Keep in mind though, Wave 4 of the Grand Supercycle cannot exceed the Wave 3 top, so no lower than 1576 would be allowed. If this holds true, then we are still looking at a Wave 5 Grand Supercycle extension. This can typically extend to either 1.618 or 2.618 of Wave 1 to Wave 3, which puts the upper level of Wave 5 Grand Supercycle around SPX 10065-10100. SOOOOOO....I personally believe that the "permabears" of the world will never end up on the list of the richest in the world. They will eventually be right once in a while and the market will lose half its value--but a long term bet against the United States Stock Market in any form is a loser. Just one man's opinion. I will continue to try to make #moneybothways while the market twists and turns through options, but on any significant dips I will be sinking my biggest bundles of cash on hand into this perpetual money making machine. Comments welcome, just having a little fun looking at possibilities. Happy hunting and GLTA!!! 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.