S&P500 had its major-A wave for 20 years(1980.03:94.23---2000.03:1552.87).
After that it had almost Fib.61.8% correction (major-B wave).
Since 666.79, major-C wave is still going on with 5 sub-waves structure.
Final target of major-C wave is 2125.43;
666.79+(1552.87-94.23)=2125.43
However it should have C-sub-4 declining correction down to 1502.62 (Fib.38.2% of C )
before its final upward wave C-sub-5.
Once major-C wave will be finalized at 2125.43, next major-declining wave will be coming
down to 1349.51 at least.
Cycle: Major-B & C=Major-A x Fib.76.4% (15.28 years), therefore Final target will be around
2015.June or July
Nikita FX (climbingfx.jugem.jp/)
After that it had almost Fib.61.8% correction (major-B wave).
Since 666.79, major-C wave is still going on with 5 sub-waves structure.
Final target of major-C wave is 2125.43;
666.79+(1552.87-94.23)=2125.43
However it should have C-sub-4 declining correction down to 1502.62 (Fib.38.2% of C )
before its final upward wave C-sub-5.
Once major-C wave will be finalized at 2125.43, next major-declining wave will be coming
down to 1349.51 at least.
Cycle: Major-B & C=Major-A x Fib.76.4% (15.28 years), therefore Final target will be around
2015.June or July
Nikita FX (climbingfx.jugem.jp/)