SPX Harmonic Elliott Wave and Hurst’s Cyclic Analysis

Overview:

Let's review the key points of the previous update (October 7th):

• We are in wave (b) of y of 2.
  
• 20D cycle trough: 17th of October.
  
• 80D cycle trough: 25th October to 6th November
  
• Downside cross of the 40W FLD, soon/next week.
  

Update:

Analysis of the Structure:

We are in wave IV of (c) of y of 2 developing as a flat. I think we will complete wave IV on Monday and will start a week of bearishness to complete wave y of 2. A potential target for wave V is 4050.


Analysis of the Cycles:

On Friday (October 27th) we got the first 5D cycle trough of the first 10D cycle of the second 20D cycle of the second 40D cycle of the first 80D cycle of the current 20W cycle.
I expect the 80D cycle trough on November 6th. Again, aggressive bearishness going into that trough and considerable bullishness coming out of it.