This page shows the preferred big picture count for the S&P500. Please refer to the wave-labeling page to see which degree waves each is. This page will be updated ones at least a new intermediate degree wave (red) has finished. Please refer to the “SPX current detailed count” page for the more detailed count over the past year.
Last updated September 4, 2018
Most bullish option (wave III about to complete, followed by another wave-IV and V before the Bull off the March 2009 low is over)
2nd most bullish (preferred, wave-V off the March 2009 low about to end and Bull over)
Hence, the next top will be significant and at a minimum serve us a 20-30% haircut…