#SPX500 8.5 YEAR EXPANDING FLAT
The market moves in waves and patterns. This is a macro expanding flat on the #SPX500 that corrected for 8.5 years!
During the A and C wave of the expanding flat, there were so called "recessions", the 2002 and 2008 recessions.
Or were they just A and C waves of a macro expanding flat?
It is interesting how the patterns a chart makes predicts the future of reality on a macro level.
The rules for an expanding flat is that the top of the B wave pops above the top of the preceding impulse and the bottom of the C wave pops below the low of the A wave.
It is at that moment you can start to look for buys for an expanding flat and hold on to an extension of the impulse!
During the A and C wave of the expanding flat, there were so called "recessions", the 2002 and 2008 recessions.
Or were they just A and C waves of a macro expanding flat?
It is interesting how the patterns a chart makes predicts the future of reality on a macro level.
The rules for an expanding flat is that the top of the B wave pops above the top of the preceding impulse and the bottom of the C wave pops below the low of the A wave.
It is at that moment you can start to look for buys for an expanding flat and hold on to an extension of the impulse!
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