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Strategies & Market Trends : SPX Cycles -- Ignore unavailable to you. Want to Upgrade?

To: northam who wrote (5797)	8/28/2024 2:58:35 PM
From: #Breeze	1 Recommendation Recommended By toccodolce Read Replies (1) \| Respond to of 7404

Northam, my sense is that the SPX is due for a pullback. Below are two scenarios that could play out. Chart #1 is the primary wave count. In this count Intermediate Wave (1) is complete and Intermediate Wave (2) is in play which typically retraces to the 61.8% level. Chart #2 is the alternate wave count. In this count Primary Wave (circle) 4 did not complete but has unfolded as a WXY correction. Bottom line a pullback is likely. How severe? Don't know. But if this big picture wave count is correct, no crash as some have speculated. Chart #1 Chart #2