S&P 500 IndexUpdated $SPX Elliot Wave Analysis: Macro
Here is my full and comprehensive Elliot Wave Count since inception of S&P500 index. Please note I have called these Elliot Wave Cycles as follows for reference: Cycle, SuperCycle and Millenium for the predominant reason of ease of viewing. I know it's not a Millenium count....
In my findings of this count I was quite surprised that the collaborative counting of the Cycle Count, from which I could work out the Super Cycle Count; from which allowed me to calculate the Millenium Cycle Count -: has denoted something very key of interest on the chart.
Millenium Wave 2 as a Corrective Wave is marked by a key monetary policy event of the end of Gold Standard and The Great Inflation of the 1970s, which led to 20% interest rates. This was a larger ABC correction than others in their Cycle Subsets lasting 90 Days and dipped into the previous supercycle wave 3 highs.
The count places our current position in the chart in Millenium Cycle 4, which, similar to Millenium Cycle 2, should give us a larger a-b-c correction and interestingly enough, this Millenium Cycle correction does give us similar monetary policies that gave us a Millenium Cycle Wave 2 Catalyst...
Are we looking for a 50% correction?
Are we looking for a 90 day correction?
Are we looking for a date range similar to Bretton Woods to the Correction end?
Are we looking for a retrace in to the previous supercycle wave 3?
Elliot Wave: In which an impulsive count of 5 price waves are countered by a correction consisting of 3 waves in the format of 12345 - ABC;
and within each of those waves exist in smaller timeframes into smaller Elliot Waves as follows:
Cycle 1 of 5 contains:
Primary Wave 1: Impulse of 5 Waves
Primary Wave 2: Correction of 3 Waves
Primary Wave 3: Impulse of 5 Wave
Primary Wave 4: Correction of 3 Waves
Primary Wave 5: Impulse of 5 Waves
Primary Wave A: Correction of 3 Waves
Primary Wave B: Impulse of 3 Waves
Primary Wave C: Correction of 3 Waves
And so this fits into larger timeframes also, on this macro chart I analyse the:
Cycle Count in Light Blue
-Which Leads to The -:
Super Cycle Count in Dark Pink
- Which Leads to The -:
Millenium Cycle Count in Orange
In my findings of this count I was quite surprised that the collaborative counting of the Cycle Count, from which I could work out the Super Cycle Count; from which allowed me to calculate the Millenium Cycle Count -: has denoted something very key of interest on the chart.
Millenium Wave 2 as a Corrective Wave is marked by a key monetary policy event of the end of Gold Standard and The Great Inflation of the 1970s, which led to 20% interest rates. This was a larger ABC correction than others in their Cycle Subsets lasting 90 Days and dipped into the previous supercycle wave 3 highs.
The count places our current position in the chart in Millenium Cycle 4, which, similar to Millenium Cycle 2, should give us a larger a-b-c correction and interestingly enough, this Millenium Cycle correction does give us similar monetary policies that gave us a Millenium Cycle Wave 2 Catalyst...
Are we looking for a 50% correction?
Are we looking for a 90 day correction?
Are we looking for a date range similar to Bretton Woods to the Correction end?
Are we looking for a retrace in to the previous supercycle wave 3?
Elliot Wave: In which an impulsive count of 5 price waves are countered by a correction consisting of 3 waves in the format of 12345 - ABC;
and within each of those waves exist in smaller timeframes into smaller Elliot Waves as follows:
Cycle 1 of 5 contains:
Primary Wave 1: Impulse of 5 Waves
Primary Wave 2: Correction of 3 Waves
Primary Wave 3: Impulse of 5 Wave
Primary Wave 4: Correction of 3 Waves
Primary Wave 5: Impulse of 5 Waves
Primary Wave A: Correction of 3 Waves
Primary Wave B: Impulse of 3 Waves
Primary Wave C: Correction of 3 Waves
And so this fits into larger timeframes also, on this macro chart I analyse the:
Cycle Count in Light Blue
-Which Leads to The -:
Super Cycle Count in Dark Pink
- Which Leads to The -:
Millenium Cycle Count in Orange
Note
the monthly:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.