SPX: Is Wave 4 Correction Over? We should know soon. Here are 4

6 Mar 2018

Possibilities. 1) Wave 4 is over, Wave 5 has started, 2) Wave 4 AB is complete, Wave C in progress-Triangle, 3) Wave 4 AB is complete, Wave C in progress-Flat, and 4) Wave 4 AB is complete, Wave C in progress-Sharp and Head n Shoulder.

6 Mar 2018

Not

Pennant Formation. Closed above trend resistance line

8 Mar 2018

Not

9 Mar 2018

Not

Busted trend resistance of triangle

9 Mar 2018

Not

Need to clear the ugly head.

10 Mar 2018

Not

Since 2000, all the major highs and lows for the major indices have matched. Based on this, I can confidently declare that both the DOWI and the SPX have finished their wave 4 corrections and have embarked on wave 5 up.

11 Mar 2018

Not

The primary count is voided because wave (iv) has now encroached into wave (i). The other corrective count still possible is to treat the present uptrend as wave 2 of 5 of C. But that is only about 3 points shy of been voided as well since wave 1 of C is only 3 points longer than wave 2 of C.so it is becoming clearer that the Alternate count has become the primary count which is the current uptrend is wave 3 of 5.