On August 9 I posted that the S&P500 "could get more complex than one would think" because it had the potential to do a more whipsawing a,b,c for all of b/2: "BUT, price can still care out a more complex pattern (alt: a, b) before topping. So don't take this decline for granted just yet. It is even possible that today's decline is only a smaller wave-3 of wave-c of wave-2/b (alt: a)." Well, my suspicion got confirmed today and wave-c of preferably wave-2/b is now underway and can target as high SPX 2980s -if it wants to- over the next few days. Thus the alternate count is now the preferred count: that's how Elliott wave works! Over SPX3000 and we may start to look for new ATHs though!
Expert and Accurate Financial Market Forecasting
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
Related publications
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.
Expert and Accurate Financial Market Forecasting
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
Related publications
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.