Indice S&P 500Long
Big Wave 5, of Mega wave 3 (Weekly view)
Mega wave 2 would be the Mega A-B-C from the dotcom bubble, to the crash, to the great recession. Since then a wave 3 started, which has not yet ended.
Most recent december's crash (year ago) would be wave 4 of the mega wave 3 according to this count.
Fibonacci as suport and resistance levels.
The long targets are sofar arbitrary, as predicting a new ATH is very tricky on long time frames.
Most recent december's crash (year ago) would be wave 4 of the mega wave 3 according to this count.
Fibonacci as suport and resistance levels.
The long targets are sofar arbitrary, as predicting a new ATH is very tricky on long time frames.
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