6-Monthly
SPX is completing a 26-year running bear market correction. We need to get through the end of Wave-(4) which is completing wave-E then the real bull market will begin.
Weekly Chart
A closer look at the developing Wave-(e) of E:
The third time box is the minimum time necessary for orange wave-C.
The endless running upward correction makes the end of wave-b difficult to interpret. There has not be a definitive push down to wave-c and we may still be in store for that. On the contrary, a very strong push up through the upper trendline and we may have to declare the end of wave-(e). Be patient.
Bottom Line
SPX is completing a 26-year running bear market correction. We need to get through the end of Wave-(4) which is completing wave-E then the real bull market will begin.
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