SUMMARY
The S&P 500 (SPX) continues to adhere to the below primary count. Price has probably just started to pierce the bottom white line of the upward wedge. It's likely that blue wave 1 is complete and blue 2 is already in early progress. However, I've been asked for the alternates and so the below charts reviews some of them.
The whole sequence could be an ABC where B is not yet complete and so as it makes an incremental higher high; the red C wave could take prices down to the 2,400 range.
Should prices reach an all time high; the Expanded flat sequence could still be in place. This would bring the B wave higher than the origin of A.
The less likely is an ascending right triangle pattern. It'll take into the Fall to complete this and thus much less likely. SPX corrections are much more swift.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Good info... surely helpful for our own analysis. Thanks for sharing.
a great analysis. thank you for sharing useful information @haejin
yes, this is not a "recommendation" but we can use it for analyze and investigations well
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Good post..keep posting Haejin