And then there was 5...

Ending diagonal continues to resolve; tomorrow's decline will be 3 of 5 and should be a quick decline below 180 with 5 of 3 ending around 171.59 before next significant counter-trend rally...there will only be counter-trend rallies for the next couple of years while major wave C unfolds to below 60, or 600 SPX...

Kommentar:

Ok, so I forgot about alternation and should have labeled the quick minor correction on 8/20 as the first (4) and hence my labeled (3) should have been (5) and therefore major 1. The 3-3-5 expanded flat since then is ABC major 2 and ended on 11/3. If that is correct then major 3 has begun to unfold.

See updated analysis on "SHORT to 160".