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SPX500 has been labeled within a Grand Super-Cycle degree wave V (blue), which has been unfolding ever since the 2009 bottom, when the Recession ended.
Structure - Bullish Impulse 2009 lows and up until Apr 2010 highs - Super-Cycle (I) (green) Apr 2010 highs and down July 2010 lows - Super-Cycle (II) (green) July 2010 lows and all the way up until Oct 2018 extreme - Super-Cycle (III) (green) Oct 2018 extreme and sharp drops until Dec 2018 - Super-Cycle (IV) (green)
Super-Cycle (V) (green) Pattern - Reversal Motive Wave Sequence - 5-Wave Sequence within an Ending Diagonal
Current Position Cycle Wave I (black)
Next expected swing Bearish sequence in Cycle Wave II (black)
Market Crash Forecast Support granted at or around the 2700.00 mark and then a huge rally towards the 3500.00 levels, where Grand Super-Cycle V (blue) is expected to complete. Super-Cycle Waves (A)(B)(C) (red) would reflect the next Larger Degree Recession.
Structure change Breach of the 2700.00 levels could lead towards a prolonged corrective structure and a Market Crash already starting.