SPX Long: The Alternate Count
My July analysis in end July warning of an upcoming crash in S&P500 mentioned that there is one thing that I don't like about the previous count: The wave 4 is too short: only 1 week. I mentioned that there is an alternate count where the wave 3,4, and 5 are combined into a wave 3. But even that count will not change the projection that S&P is going down.
Right now, given that the Aug crash happened, and my previous attempts at shorts all turn to losses, the subsequent recovery has shown that the possibility of the alternate being higher than the previous primary count, I have now activated the alternate count and swap it to be the primary.
The updated count is now summarized as follows:
1. August crash is wave 4.
2. Since then, we are in a wave 5 up.
Now, how will the wave 5 move? I think it will move up in September and maybe even October. The reason is beyond technical analysis but based on the Presidential cycle. In order for Kamala to win, September and October both HAVE to be up months.
Right now, given that the Aug crash happened, and my previous attempts at shorts all turn to losses, the subsequent recovery has shown that the possibility of the alternate being higher than the previous primary count, I have now activated the alternate count and swap it to be the primary.
The updated count is now summarized as follows:
1. August crash is wave 4.
2. Since then, we are in a wave 5 up.
Now, how will the wave 5 move? I think it will move up in September and maybe even October. The reason is beyond technical analysis but based on the Presidential cycle. In order for Kamala to win, September and October both HAVE to be up months.
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