SPX: Count Update
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Receive different low/high prices in 4H than in D/W/M TF for some reason (e.g., $2,604.04 low for W(A) in 4H instead of $2,603.54 low in M). Difference is mainly negligible but accounts for some oddities. Wave B of corrective W(IV) peaked around $2,815.15 and SPX is now in w(i) of Wave C down. The reason for today's price lingering around $2,813 for so long is likely because w(i) will unfold as 3-3-5 wave. I've place w(i) - w(v) at roughly-plausible prices for how W(C) could unfold but did not use any precise calculations. With how much W(B) retraced, the most-likely W(C) TP range is currently $2,475 - $2,266.
Strictly conjecture at this point, but it's possible W(C) will coincide with December 2019, which is the same time period I'm currently assessing for BTC to peak again. This would unfold nicely as SPX would bottom close to when BTC peaked. A very attractive trade for those that planned for it.
Strictly conjecture at this point, but it's possible W(C) will coincide with December 2019, which is the same time period I'm currently assessing for BTC to peak again. This would unfold nicely as SPX would bottom close to when BTC peaked. A very attractive trade for those that planned for it.
Anmerkung
FYI the timeline of count is not to scale, spaced out for readability.
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