Resistance appears to have held and now to elections

If 198 days is the approximately length of Cycle Wave A (as is the current expectation), the following timelines could be true:

Supercycle 2 could be ~ 813 days (final bottom is March 2025)
A is ~ 25% of the overall wave it resides

Cycle A would be ~ 198 days

INSIDE CYCLE WAVE A
1 is ~20% of the overall wave it resides:
This would make Primary 1 ~ 40 days
Primary 1 was actually 35 days long
2 is ~9% of the overall wave it resides:
This would make Primary 2 ~ 18 days
Primary 2 was actually 23 days long
3 is ~38% of the overall wave it resides:
This would make Primary 3 ~ 75 days
Primary 3 was actually 56 days long
4 is ~17% of the overall wave it resides:
This would make Primary 4 ~ 34 days
Primary 4 was actually 40 days long
5 is ~23% of the overall wave it resides:
This would make Primary 5 ~ 45 days

There is certainly some give and take as these median percentages of primary waves add up beyond 100% (107%). Some waves were longer and others under as well.

I drew a resistance line based on the beginning of Cycle wave 2 on January 4 and the next highest peak where Primary wave 2 ended. IF Primary 4 has indeed ended, it just missed this resistance line. A support line was drawn similarly based on the first major low since the January top. This first low was the end of Intermediate wave 3 in Primary wave 1 and the second low was the end of Primary wave 1. Primary wave 3 briefly dropped below this line 3 times, however, I am maintaining it as the source of a potential bottom.

I am working on something new by plotting the most agreed end dates based on my computer models instead of the top 1 or 2. The most agreement has Primary wave 5 lasting 28 or 40 days (8 models each).

I have additionally cross-hatched Fibonacci levels and percent extensions for wave 5 to potentially end. The first quartile extension 112.36%, median extension is 135.09%, and the third quartile is 204%. Based on all of these dates and cross-hatch points, I do not expect a low beyond 3136 or the bottom occurring after December 8.

My comfort target bottom would likely occur on or before election day likely around 3300. We shall see what happens.
Bearish PatternsBeyond Technical Analysiscapitulation_timeElliott Waveshortsp500indexSPX (S&P 500 Index)spx500shortWave Analysis

All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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