S&P 500 IndexShort
Technical analysis comparing SPX, RUT, and DJI
Chart comparing supercycle structures of SPX, RUT, and DJT.
Supercycle starts October 1974.
Wave 1 peaks are in 2007-2008, wave 2's are zigzags that end in March 2009.
Wave 3 terminates in November 2021 for RUT and DJT,ithe latter of which has a blow-off top. SPX wave 3 terminates in January 2022.
Wave 4 assumes all three indices are forming flats. SPX and RUT formed all time highs in December 2024 and November 2024, respectively. DJT's all time high is still November 2021.
If DJT's wave 4 is a regular flat, then RUT and SPX are most likely expanded flats. Each index would then be in wave C of their flats, and each would be looking to take out their 2022 lows.
Therefore, for SPX, price should move down quickly towards 3491.58 to complete wave 4.
Wave 5 would be impulse waves back up towards all time highs, for a new bull market over the next 5-10 years.
Supercycle starts October 1974.
Wave 1 peaks are in 2007-2008, wave 2's are zigzags that end in March 2009.
Wave 3 terminates in November 2021 for RUT and DJT,ithe latter of which has a blow-off top. SPX wave 3 terminates in January 2022.
Wave 4 assumes all three indices are forming flats. SPX and RUT formed all time highs in December 2024 and November 2024, respectively. DJT's all time high is still November 2021.
If DJT's wave 4 is a regular flat, then RUT and SPX are most likely expanded flats. Each index would then be in wave C of their flats, and each would be looking to take out their 2022 lows.
Therefore, for SPX, price should move down quickly towards 3491.58 to complete wave 4.
Wave 5 would be impulse waves back up towards all time highs, for a new bull market over the next 5-10 years.
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