NYA, big picture
I think the NYSE Composite Index is very helpful in terms of showing where I think the major equity markets are, in terms of a five-wave cycle.
I have wave ((1)) ending in October 2007, wave ((2)) ending in March 2009 (Great Financial Crisis), wave ((3)) ending in January 2022 and wave ((4)) ending in October 2022.
I expected wave ((4)) to go deeper and get closer to the wave (4) of the lesser degree (COVID-19 bottom), but it did finish between the .236-.382 fib retracement drawn from wave ((3)) to wave ((2)), which is rather classic for a wave four.
The COVID-19 correction went below 10387.1680 (top of wave ((1)) ), so the COVID-19 of March 2020 can't be the wave ((4)) of higher degree.
I think the most likely count has us in wave 5 of (3) of ((5)), and that SPX, DJI, NDX, and RUT are all in the same place, setting up for a major top within the next 12-24 months.
I have wave ((1)) ending in October 2007, wave ((2)) ending in March 2009 (Great Financial Crisis), wave ((3)) ending in January 2022 and wave ((4)) ending in October 2022.
I expected wave ((4)) to go deeper and get closer to the wave (4) of the lesser degree (COVID-19 bottom), but it did finish between the .236-.382 fib retracement drawn from wave ((3)) to wave ((2)), which is rather classic for a wave four.
The COVID-19 correction went below 10387.1680 (top of wave ((1)) ), so the COVID-19 of March 2020 can't be the wave ((4)) of higher degree.
I think the most likely count has us in wave 5 of (3) of ((5)), and that SPX, DJI, NDX, and RUT are all in the same place, setting up for a major top within the next 12-24 months.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.