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Revision History For: No Super Cycles Here

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Nothing complicated. Simple wave counts 1 to 5, a to c. Often revised, similar to what price itself does.

$SPX currently: Waves (1) thru (3) complete, Wave (4) close to completion. Note to void wave count I use the guideline that Wave 4 should not trade and close beyond the Wave (1) closing range. IOW for a downtrend count to be voided close must be greater than lowest close of wave 1 (as shown by thick magenta line).

Anyway if my minor secondary wave count of C of Wave 4 is correct minor waves 4 and 5 are left to complete Wave 4 to get Wave 5 underway.

If this transpires all of current move from January high will complete a greater Wave A, with Wave B & C to follow. But that is getting way ahead of things. Time will tell if downtrend continues down or not. Anyone who is convinced one way or the other with any certainty is .... uh uh likely just trying to convince themselves.