Grand Super Cycle S&P 500 Analysis: Riding the Fifth of the FiftIn Elliott Wave Theory, we're navigating the vast ocean of market cycles, and currently, we find ourselves in uncharted waters: the fifth of the fifth of the Grand Super Cycle or Grand Millennium Wave. This level of analysis delves into macroeconomic cycles of epic proportions, spanning centuries, and it's raising questions, even some of a doomsday nature.
1. The Fifth of the Fifth: Unprecedented Territory
We're accustomed to analyzing cycles within cycles, but reaching the fifth of the fifth at the Grand Super Cycle level is unprecedented. This raises profound questions about the nature of market behavior, suggesting we're witnessing historical shifts in global economics.
2. Where Does the Fifth End?
The big question is where this fifth wave concludes. The sheer scale of this cycle prompts speculation about significant market events, perhaps even a structural shift in the global financial system.
3. "The Fifth Wave" Movie: Coincidence or Significance?
The release of the movie "The Fifth Wave" in 2016 adds an intriguing layer to this analysis. While it's speculative, it's fascinating to ponder if there's a connection between cultural expressions and market cycles. Are there subtle signals in popular media about broader economic shifts?
4. Significance of the Next Correction
To grasp the significance of our next correction, we need to understand the scale of the Grand Super Cycle. Consider that the Tech boom and bust, the 2008 real estate Great Recession, and even COVID-19 can be contained within smaller waves. For instance, the Tech boom and bust and 2008 recession could be viewed as an ABC correction in the wave 2 of the Grand Super Cycle, while COVID-19 might be seen as an expanded flat wave within the Millennium Super Cycle, itself a part of a larger wave three of a step up in the Grand Millennium Super Cycle.
Conclusion:
Analyzing the S&P 500 at the Grand Super Cycle level is like navigating through the cosmos of economic cycles. We're currently at a juncture never seen before, the fifth of the fifth, prompting profound questions about the future trajectory of global markets. While we can't predict with certainty where this wave will end, understanding its scale and significance can provide valuable insights into potential market movements and economic shifts on a grand scale.
(Note: This analysis is speculative and based on Elliott Wave Theory. Investors should conduct thorough research and consult with financial professionals before making any investment decisions.)
Grandsupercycle
20 Year SPX Bear MarketAfter looking over and fine-tuning my analysis for SPX over the past few months, I think I've calibrated things as good as they will get for now (barring any new, major developments which would force me to re-adjust my wave count). SPX has been on a tear from 1877 to 2022 for a very large Grand Supercycle (a 5 wave move lasting more than 100 years).
Though timely corrections were seen during the Great Depression (1929-39 roughly) and during the 9-11/Iraqi War timeframe (early 2000s), to name a few, the Bulls have always responded and claimed higher highs afterwards. Giving SPX traders the feeling that it will never ever come down.
However, the injection of the COVID era seems to have forced the SPX into a much different and more dramatic phase potentially. Though a new all-time high was seen after the introduction of COVID-19, the lingering nature of this disease and its effect on global economies will continue take a toll on the US Stock Market as it seems.. Surely, I'm no Doctor but I think SPX has a case of Long COVID to put it more plainly.
Beyond the fractal by fractal wave counting, I've also heavily considered fibonacci levels plus RSI readings. Things to note:
1) Wave 5 terminates between +1.38 or +1.618, compared to the size of Wave 4. Currently the hypothetical Wave 5 sits at more than +2(00%) the size of Wave 4, technically making it extended.
2) The Elliott Wave science suggests that RSI has the lowest peak in Wave 1, the highest peak in Wave 3 and an obvious divergence in the peak of Wave 5's divergence. Looking at the circled areas of SPX's RSI window, all of these guidelines seem to ring tru. Its clear to see that the RSI peaked in Wave 3, its also clear to see that although Wave 5 made a higher-high in price action - the RSI level terminated at a lower level compared to Wave 3, its also clear to see that the RSI in Wave 1 was the lowest of the three-trending-waves (1,3 and 5; Waves 2 and 4 are corrections against the trend).
As for price levels, its my belief that if SPX cannot reclaim and hold support above 4000=4600 in the next few years to come then the pending pump (which should initiate in the days/weeks ahead) will only serve as a correction/relief rally/retracement. WIthout 4000-4600 turning into support (in the next few years), I have reason to believe that the Bear Markets is even more likely (see outline below).
STRONG impulsive sub-millennium degree BULLISH WAVE 3 UNDERWAY!!LITECOIN just began a STRONG IMPULSIVE WAVE 3 of sub-millennium degree from 75.37 which is going to be subdivided into WAVES I, II, III, IV, V of grand-super-cycle degree. Currently LITECOIN is on a WAVE (III) of I, with a projected TARGET AREA 99.34-99.71 for WAVE I of 3. Please check your chart and let me know if you agree.
$3k BULLISH WAVE ((b)) of (X) UNDERWAY: TARGET AREA 29443-29742BITCOIN is currently going down in a MILLENNIUM WAVE (X), and subdivided into waves ((a)),((b)),((c)). This MILLENNIUM wave is the 2nd largest wave cycle in the history of BITCOIN. Now, after hitting my previously projected TARGET AREA of 27558-27330 which ended WAVE ((a)) of (X), I am now projecting that BITCOIN is GOING UP $3k temporarily in a WAVE ((b)) of (X) to TARGET AREA 29443-29742. This BULLISH GRAND-SUPERCYCLE WAVE ((b)) is going to be subdivided into WAVES (w),(x),(y). WAVE (w) will be subdivided into 5 waves, WAVE (x) into 3 waves, and WAVE (y) into 5 waves. Please comment below and let me know what you think.
$3K DROP: WAVE V of (V) of ((a)) to target area 27558 - 27302!!!BITCOIN is now UNDERWAY heading down to a very significant PIVOT POINT: the end of WAVE ((a)). WAVE ((a)) is a GRAND SUPERCYCLE Elliot Wave and is the 4th largest cycle in the history of BITCOIN. Please notice how BITCOIN just made a LOWER LOW with WAVE IV relative to WAVE (IV) of SUPERCYCLE DEGREE. I believe this means WAVE IV just ended and WAVE V of (V) of ((a)) is now UNDERWAY down to target area 27558 - 27302. This means the end of wave ((a)) and the start of wave ((b)) going up in 3 waves (A), (B), and (C). Please check your chart and let me know if you agree or not.
NASDAQ 100 Index Supercycle Wave 5 ForecastShown is a forecast of Supercycle Wave 5 in the NASDAQ 100 Index. I also break down the structure of the Supercycle Wave 5 we're currently in and lay out a target zone for Grand Supercycle Wave 5, Submillennium Wave 5, Millennium Wave 1, and Millennium Wave 2 - which should prove to be the largest decline in the history of the Index.
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Blue Line: Primary Forecast
Yellow Line: Secondary Forecast
Orange Line: Tertiary Forecast
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Pink: Cycle Degree
Purple: Supercycle Degree
Blue: Grand Supercycle Degree
Cyan: Submillennium Degree
Green: Millennium Degree
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I suspect that we're still in Cycle Wave 4 with more downside to come currently, but, at least for the next couple of years, I don't see an end coming to the historic bull run we've been lucky enough to witness.
I'm not claiming this forecast to be set in stone; this is merely my interpretation of where we are in the progressive structure of this index based on the rules and guidelines laid out in the Elliott Wave Principle. If you believe in the Wave Principle, then at the very least this analysis should display the form that progress will take, with time and amplitude estimated based on common occurrences found in all degrees of waves of all manner of things that experience non-linear progress over time. I will continue to conduct daily analysis of the index to alert me to any changes in the long term trend, but I feel confident in knowing where major points of resistance and support should be for the next several years and in what the market will not do under any circumstance aside from total collapse.
BITCOIN LONG--Non-logarithmic-- Wave 3 -- BTC ATH within monthsThis is a detailed breakdown of the Elliot wave structures for bitcoin on the Grand SuperCycle time frame.
We are currently just beginning wave 1 of the always most impulsive wave 3 of the Grand SuperCycle timeframe.
Truly impressive times you are all observing.
BITCOIN LONG Elliot Grand SuperCycle Wave 3 Underway.As the title suggests, we have now begun wave 1 of wave 3 of the Grand Super Cycle time frame since the inception of Bitcoin.
The drop from 20k to 3 k was a 3 wave WXY complex zig -zag correction.
We have now seen wave 1 and wave 2 of wave 3 of the grand super cycle time frame complete.
Wave 1 was the impulsive 5 wave move from 3k to 14k.
The 5 wave nature of that move invalidates other less knowledgeable elliot wave analysts claiming another drop in some kind of zig zag.
That is impossible when you consider the structure of these waves.
(IE, the drop from 20k to 3 k was a 3 wave move as seen here, not a 5, therefore, not a zig-zag.)
CGC exiting grandsupercycle descending channel. Elliot FLAT abcAs title suggests,
CGC is exiting its long term descending channel after completing a elliotwave FLAT abc correction.
Bottom @ 1.272 Fib trend extension.