Sintar123

Reevaluation of long-term count

OANDA:SPX500USD   מדד S&P 500
This is a possible count I have been thinking about. The only thing I don't like about it is that wave 2 and 4 both are flats. But if you consider the 18-20' correction to be one big expanded flat it makes the most sense. The C wave in the 20' correction is really hard to count and it is hard to say if it is a 3 or 5 waves but if we are to say that the 08 correction is 5 waves you can make the same case for the March 2020 correction. Which means, we need 5 waves to complete the entire bull market from the 2008 bottom. So far we have 3 waves up, this can be considered a first wave if we consider this last wave an ending wave and so we are in wave 2 imo. I think the next drop will be around 3300.

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