Indeks S&P 500
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$SPX Elliot Wave Analysis: Macro

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Here is my full and comprehensive Elliot Wave Count since inception of S&P500 index. Please note I have called these Elliot Wave Cycles as follows for reference: Cycle, SuperCycle and Millenium for the predominant reason of ease of viewing. I know it's not a Millenium count....

In my findings of this count I was quite surprised that the collaborative counting of the Cycle Count, from which I could work out the Super Cycle Count; from which allowed me to calculate the Millenium Cycle Count -: has denoted something very key of interest on the chart.
Millenium Wave 2 as a Corrective Wave is marked by a key monetary policy event of the end of Gold Standard and The Great Inflation of the 1970s, which led to 20% interest rates. This was a larger ABC correction than others in their Cycle Subsets lasting 90 Days and dipped into the previous supercycle wave 3 highs.

The count places our current position in the chart in Millenium Cycle 4, which, similar to Millenium Cycle 2, should give us a larger a-b-c correction and interestingly enough, this Millenium Cycle correction does give us similar monetary policies that gave us a Millenium Cycle Wave 2 Catalyst...

Are we looking for a 50% correction?
Are we looking for a 90 day correction?
Are we looking for a date range similar to Bretton Woods to the Correction end?
Are we looking for a retrace in to the previous supercycle wave 3?

Elliot Wave: In which an impulsive count of 5 price waves are countered by a correction consisting of 3 waves in the format of 12345 - ABC;
and within each of those waves exist in smaller timeframes into smaller Elliot Waves as follows:

Cycle 1 of 5 contains:
Primary Wave 1: Impulse of 5 Waves
Primary Wave 2: Correction of 3 Waves
Primary Wave 3: Impulse of 5 Wave
Primary Wave 4: Correction of 3 Waves
Primary Wave 5: Impulse of 5 Waves
Primary Wave A: Correction of 3 Waves
Primary Wave B: Impulse of 3 Waves
Primary Wave C: Correction of 3 Waves

And so this fits into larger timeframes also, on this macro chart I analyse the:

Cycle Count in Light Blue
-Which Leads to The -:
Super Cycle Count in Dark Pink
- Which Leads to The -:
Millenium Cycle Count in Orange


Uwaga
the monthly:

Previous Post, Monthly

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