It appears that micro wave 4 developed as a zigzag and has bounced off Ichimoku’s leading span B. We should now begin micro wave 5 up. If prices decline below 3837.87, micro wave 4 is still in effect. Under this scenario, prices shouldn’t decline below Ichimoku’s leading span A before beginning micro wave 5 up.
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As mentioned on Saturday, we should still need a small rise in the S&P 500 before prices begin a violent decline. It appears that we are currently in micro wave 4 of subminuette wave C. Prices shouldn't decline lower than Ichimoku's hourly leading span A before beginning micro wave 5 up.
The S&P 500 appears to be approaching wave 3 at multiple degrees of trend. Once it finishes completing minuette wave C of a zigzag, it should begin wave 3 at the minor, minute, and minuette degrees. This is happening near the Ichimoku cloud's leading span A resistance. If we look at the S&P 500's seasonal patterns over the past 72 years, we also find that buying...