S&P 500 Index
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SPX: Is Wave 4 Correction Over? We should know soon. Here are 4

1 432
Possibilities. 1) Wave 4 is over, Wave 5 has started, 2) Wave 4 AB is complete, Wave C in progress-Triangle, 3) Wave 4 AB is complete, Wave C in progress-Flat, and 4) Wave 4 AB is complete, Wave C in progress-Sharp and Head n Shoulder.
Anmerkung
Pennant Formation. Closed above trend resistance line

Snapshot
Anmerkung
Snapshot
Anmerkung
Busted trend resistance of triangle

Snapshot
Anmerkung
Need to clear the ugly head.
Anmerkung
Since 2000, all the major highs and lows for the major indices have matched. Based on this, I can confidently declare that both the DOWI and the SPX have finished their wave 4 corrections and have embarked on wave 5 up.

Snapshot
Anmerkung
The primary count is voided because wave (iv) has now encroached into wave (i). The other corrective count still possible is to treat the present uptrend as wave 2 of 5 of C. But that is only about 3 points shy of been voided as well since wave 1 of C is only 3 points longer than wave 2 of C.so it is becoming clearer that the Alternate count has become the primary count which is the current uptrend is wave 3 of 5.

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