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.
Updated June 10, 2019.
Last week I showed the SPX2868-2901 target zone, and fast forward price moved so far 3p above it. BINGO! Now question remains if that was all of wave-b or will it become more complex. I THINK more complex (green alt:a, b, c), but have no data to back that up yet. It all depends on if investors sentiment is already sufficiently Bullish for the rug pull or if it needs more time. For now we need at least a >20p pullback from the highs to tell the advance off the SPX2728 low made last week has most likely ended.
Although price has done nothing but reach the ideal target zone set last week, the rally off the SPX2728 low has been pretty powerful, and I thus need to entertain again the possibility that primary V is underway with wave-1 and 2 completed and now wave-i of 3 underway. Again, this is still the alternate until proven correct.