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S&P 500 Index
Long

SP 500 "weekly view"

By SalN
Updated
SO obviously we are in the supercycle 5th wave. Inside that, we are in the 3rd wave. Inside that 3rd wave we have just completed the smaller degree 4th wave (even thought it felt big) and are about to trek up for that smaller degree 5th and complete the larger 3rd wave. The drop for the larger 4th should be huge and impulsive just like this last drop. I was expecting an impulsive drop because of the wave 2 corrections being long and slow. So the same goes for this next drop. Timing it is not something I wish to really do right now, except that if the larger cycles are still about correct, then it could start with a September rate hike and end towards the end of the year. GL
Comment
snapshot
Wave 3 is shorter than wave 1....so wave 5 cant climb more than 100% measurement of wave 3.
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SalN

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