S&P heading to Super Cycle Correction?
Updated
According to my Elliot Wave count I have the S&P about to complete Cycle wave 5 and going into a Super Cycle Bear Market possibly the most epic Bear Market of our lifetime. I wonder what the Black Swan event will be.
Trade active
I think we might have just topped.Trade active
After the price action on Friday I now think my count on the smaller timeframe was one wave ahead as we've had a wave 4 Minute Wave degree followed by wave 5 Minute and an expanding flat correction for Minor wave 4, so will have a new ATH to complete Minor, Intermediate, Primary, Cycle and perhaps Super Cycle wave 5. My current target for Minor Wave 5 is between 4300-4350 before heading for the larger wave degree correction/bear market.
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