...If so it would look like sort of like this. This 'correction' is already looking quite impulsive which would indicate this is a to b. We may see a gigantic bull flag since wave 1 -> 2 typically makes a bull flag.
Important to know, if we rise above 25,200 before we make a new lower low this entire idea is invalidated.
I will also include a daily chart to help visualize the short-medium term
Check out this perfectly technical double top when you look for inflation. Take the chart and / m2 money supply from the federal reserve. This would imply that the bear market actually started in may of last year and actually did not see a higher high. This is very important because when you consider this, it does not invalidate the 1>2 on a cycle.
Important to know, if we rise above 25,200 before we make a new lower low this entire idea is invalidated.
I will also include a daily chart to help visualize the short-medium term
Check out this perfectly technical double top when you look for inflation. Take the chart and / m2 money supply from the federal reserve. This would imply that the bear market actually started in may of last year and actually did not see a higher high. This is very important because when you consider this, it does not invalidate the 1>2 on a cycle.