SPX Harmonic Elliott Wave and Hurst's Cyclic Analysis

Review:

The highlights of our previous update (Jan 7th):

• We are in wave (IV) of a of 5 developed as a flat, which will lead to a leg higher to complete wave a of 5.
  
• On Friday January 5th, we got the first 80D cycle trough in this 20W cycle.
  
• The general roadmap is we will go higher until around Feb 2nd, then we start a correction till March 11th (20W cycle trough, also wave b of 5).
  

Update:

No change is needed to our previous statements.

Analysis of the Structure:

We have completed waves a and b of (V) of a of 5 and now we are in wave c of (V).

Analysis of the Cycles:

So far, we have completed one 5D cycle in the current 80D cycle and we are expecting the 10D cycle on Tuesday.

1. 20D cycle trough: 19th January. Its upside FLD target is 4866.
   
2. 40D cycle trough: 5-7th February. Its upside FLD target is 4860.
   
3. 20W cycle trough: March 12th.