S&P 500 Grand Supercycle waves since 1994 - Corrective wave C?

6 thg 11, 2020

Here is my updated wave count for the S&P 500 (using SPY). Love it, hate it, call me crazy. I just followed the analysis. Could be complete BS, but maybe, just maybe it is not. The fib levels match up perfectly IMO, just not clear on how low Wave C goes.

- Wave 1 dot com bubble
- Wave 2 end of 2009 financial crisis (whole thing was a corrective wave)
- Wave 3 end of 2018 bull run that came after the flash crashes and Chinese market crash in 2014-2015
- Wave 4 2018 trade war
- Wave 5 just before COVID
- Wave A COVID crash
- Wave B 2020 historic rally
- Wave C just getting started

Note that RSI divergence and increasing lower lows.

Nailed everyone of those key fib levels of the Wave B.


Still a little room to go to hit that 2009 resistance trend line.


Hope you enjoyed it. Good luck out there.