This page shows the preferred current count for the S&P500 in more detail. Please refer to the wave-labeling page to see which degree waves each is. This page will be updated a few times per month. Please refer to the “SPX big picture count” page for the larger degree waves over the past 10+ years.
Last update November 30, 2018.
B-waves are inherently hard to forecast, they can have many twists and turns (correction of a correction…) This is the best interpretation for now. Solid arrows on daily chart below is preferred path forward. Dotted arrows is alternate. Note that NASDAQ has already moved below last week’s low telling us the solid path is indeed most likely.
Note: All intermediate-a, b and major-b price targets are best guesses at this point because intermediate-a hasn’t even finished yet!