Playing around with this count on the LT weekly chart from b4 2000 dot com bubble. SP500 looks like a very clean 5 up & 5 wave down pattern 1 after another. I am sure that if we dial down into the LTF we could find many complex Flat & zig zag corrections but zoomed out everything looks pretty clean.
The W3 that we are currently in lines up with 4600 rough target. I know a W4 is coming but the fib 1.618 lvl is really a better target for W3. So maybe SP500 continues up for now until 4600 and after that W4 will ensue. Hard to tell but I don't see W4 forming as of yet even with all the bearish inflation narratives.
The W3 that we are currently in lines up with 4600 rough target. I know a W4 is coming but the fib 1.618 lvl is really a better target for W3. So maybe SP500 continues up for now until 4600 and after that W4 will ensue. Hard to tell but I don't see W4 forming as of yet even with all the bearish inflation narratives.