SPX Harmonic Elliott Wave and Hurst’s Cyclic Analysis
Overview: let's review the key points of the previous update (September 16th):
Update:
There is not much to update. I think we will get the expected 40D cycle trough tomorrow (September 25th), labeled as wave V of (a) of y of 2. No change to the dates are needed.
- A major change to SPX count.
- The move up from Oct 2022 to July 2023, labeled as wave 1 and the current phase is a wave 2 that corrects that whole bullish phase.
- Wave 2 as a triple zigzag.
- Right now, in wave A of III of (a) of y of 2.
- I can consider 3953.05, 3917.09 and 3862.03 as targets for wave 2 bottom.
- We are inside the second 40W cycle of the current 18M cycle.
- The 20D cycle FLD has generated a target of 4360 expected on September 22nd or 25th (this is a 40D cycle trough).
- 80D cycle trough: 25-27th October 2023
- 20W cycle trough: 15-30th December 2023
- 40W cycle trough: May 2024
Update:
There is not much to update. I think we will get the expected 40D cycle trough tomorrow (September 25th), labeled as wave V of (a) of y of 2. No change to the dates are needed.
