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Strategies & Market Trends
No Super Cycles Here
An SI Board Since August 2022
Posts SubjectMarks Bans Symbol
20 5 0 $SPX
Emcee:  sunabeach Type:  Moderated
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.

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20No, I think this is a bear market that will conclude in 2H2023 or 1Q2024, possibClaude Cormier-last Thursday
19u mean bull mkt correction eh?da_cheif™-last Wednesday
18is there an alternate?/da_cheif™-last Wednesday
17Back to a Dynamic Trader chart with latest, which if correct looks it is settingsunabeach-October 11
16Here is another way of looking at current situation. In TradeStation I've lasunabeach-October 6
15Markets so busy having had much time to update chart. This one is a bit clutteresunabeach-September 29
14Lower fib zone reached in less than 2 full trading days. Happens when there is asunabeach-September 23
13Here is today's after the close update. Wave 3 (look out belooow) of wave 5 sunabeach-September 21
12What would be this target? A '5' and at the same time 'a' of (&Claude Cormier-September 21
11Sitting right on a fib cluster that if it doesn't hold next stop likely 3681sunabeach-September 16
10Crazy stuff. Practically bounced off each level ... like playing Pong from days sunabeach-September 15
9Sure gets us there quick. ;-) Maybe tomato.sunabeach-September 13
8 I just need to see many more daily bars play out. Days like today! Claude Cormier-September 13
7Thought I'd post before the new week starts latest $SPX chart pic showing cosunabeach-September 11
6So I m thinking more about SPX 2000-2200 than anything else. Could very well be.sunabeach-August 31
5Thanks. Well time will tell. I think this is a bear, we are entering a recessiClaude Cormier-August 31
4Ok, here is what I got. With a fresh chart window I re-labeled higher level wavsunabeach-August 30
3That count makes sense to me. You have a target for this bear market?Claude Cormier-August 30
2Latest "greatest" cleaned-up count - wave 3 of a greater Wave 3 underwsunabeach-August 29
1Nothing further to add to my first post other than to say I believe the longer tsunabeach-August 19
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