discobiscuit

SPX, entire history

SP:SPX   S&P 500 Index
Entire history of SPX. Within a primary impulsive wave structure, wave 2s seem to be relatively quick ABC zigzags and wave 4s tend to be drawn out/complicated flats, triangles, or double-threes. The first completed impulse ended in 1929, the second in 1987, and the third in 2007. It is possible that we are in wave 5 of the fourth complete impulse, with my SPX target to be 6000-6100. However, the proposed wave 4 (ending October 2022) didn't come near the wave 4 of March 2020. Because of that, and because of the impressive but (my intrepretation) corrective appearance of the bounce off the October 2022 low, I believe we are coming to the end of a B wave of an expanded flat, looking for a C wave to take us towards the March 2020 low to complete wave 4.
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