The emphases will be on short term to long term Index trends.
Note the Bull/Bear Logo will change with Cycle Trend changes.
This is not a perma bear or perma bull board.
The odds are extremely high that the fifth wave extension up of Intermediate
Wave (5) of [5] of V of (I) failed, and a major Super Cycle (II) correction is underway.
Super Cycle (I) began at 666.75 in 2009 and ended at 4818.62 on 1/4/2022.
This market correction will be Super Cycle (II) with a target of 2200.
As always, there will be opportunities to play up and down moves in the market.
We should see a temporary bounce fairly soon. Note that I said temporary.
A bearish mind set will be necessary to take full advantage of this rare opportunity.
The rest of 2022 will be the perma bull's worst nightmare. 1/21/2022
The Perma Bull will call a bottom at every bounce all the way down to target.
Bottom calls so far since 4818. approx. 35
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Part one of " Elliott Wave Principal" elliottwave.com
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