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Strategies & Market Trends : No Super Cycles Here
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To: Claude Cormier who wrote (3)8/30/2022 7:28:32 PM
From: sunabeach  Read Replies (1) of 30
 
Ok, here is what I got.

With a fresh chart window I re-labeled higher level waves as they should have been from the start, to Wave 1 or A, Wave 2 or B and current one Wave 3 or C. Still not clear which count will turn out to be the case but I'm leaning on Wave A, B and C otherwise it will be a yuuge bear market (not ready to go there unlike many other folks) to reach way down into SPX 2000's.

Minor wave 1 and 2 complete of major Wave C or 3. Today's daily bar landed in the minimum minor wave 3 fib price zone ... but in less trading days than minor wave 1, 3 days vs 6. So I'd say it might reach next fib zone 3871-3851 area in another 1-3 or so days.

Final wave 5 of Wave C fib zones are also down there (minimum) 3666-3595 and (typical) 3211-3144, (maximum) you don't want to know about lol. Way too soon to try to guess that anyway.

Need wave 3 completion as well as wave 4 to estimate wave 5 more accurate bottom fib time and price zone.

Note below price bars I also have fib time projections (just like at top, Wave B or 2 took 38.2% time to complete) Wave C or 3 shows currently Oct 10th-Oct 14th likely time period for end of overall bear market correction. Unless??

Also current wave 3 ending between now and Sept 19th. I know that's a wide range, but everything can change with a single daily bar so all possibilities are considered.

That should do it for now ... unless of course it is not a ABC correction but a wave 1-5 bear trend.
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