EWStructures

EWStructures

In what looks like an expanded flat wave 2 completed at 1990 which suggests the S&P has still a long way to go to the upside. I think all the price action starting from 2009 is a larger wave 5 so when the pattern completes in a few years multiple years of decline will follow.

EWStructures

The third wave of wave 5 has ended at 0.8375 and is now correcting ideally towards 0.8075. Then a final move higher will complete a 5-wave structure which started at 0.6930. This pair broke out a double zigzag pattern that started in 2008 so I'm long term bullish on this pair. However, after 5 waves are complete it will correct for months before a strong up move...