IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
FUNDAMENTALLY SPEAKING:- WHEN WE‘RE LOOKING AT THE BIGGER PICTURE OF S&P 500, WE CAN MIX BETWEEN AN ELLIOTT WAVES THEORY AND CLASSIC ANALYSIS
SINCE 2018 STOCK MARKETS WERE IN A HIGH VOLATILITY, BECAUSE THE ECONOMIC CYCLE WAS NEARLY OF ITS PEAK , AND WE NOTED THE INVERTED YIELD CURVE LAST YEAR AS A CRITICAL EVIDENCE THAT THERE ARE A BROBLEMS IN THE ECONOMIC CYCLE, IT IS CALLED JUGLER CYCLE IT IS A SHORT-TERM ECONOMIC CYCLE WHOSE DUARTION WAS BETWEEN 9-11 YEARS EXTENDED FROM THE CLIMACTIC BOTTOM OF 2009 UNTIL EARLY 2020
TECHNICALLY SPEAKING :- AS I STATED ABOVE STOCK MARKTES WERE IN A HIGH VOLATILITY ,SINCE 2018, THE BROADENING TOP WAS THE CHART PATTERN THAT HONESTLY EXPRESSING THE EXTREEMS IN VOLATILITY
(, HIGHER HIGHS ,LOWER LOWS LIKE A MEGAPHONE APPEARANCE)
I DO THINK BROADENING TOP HAS 60% BREAKOUT UPWARD,WHICH COINCIDES WITH ELLIOTT COUNTING ,THAT THE UPHILL FROM 2009 LOWS UNTILL EARLY 2020 PEAK IS IN IMPLUSIVE BEHAVIOR, AND AN EXPANDING TRIANGLE (BROADENING TOP) WAS THE PRIMARY WAVE 4, AND CLIMACTIC MARCH 2020 MARKET BOTTOM WAS THE END UP OF PRIMARY WAVE 4,STILL ANOTHER PUSH HIGHER TO COMPLETE THE FIVE WAVES UP SEQUENCE OF CYCLE DGREE
MIGHTBE, BOUNCING OF MARCH LOW UNTIL SEPT‘S PEAK WAS THE THIRD WAVE OF MINOR DGREE,ALSO MINOR WAVE 4 IS COMPLETEDOR IS STILL ONGOING
BUT IF THE RALLY FROM MARCH LOWS WAS AN INTERMEDIATE WAVE (1) OF PRIMARY WAVE FIVE OF CYCLE WAVE FIVE, SO DIPPER CORRECTION AHEAD
BUT ANY CORRECTION TAKES PREICES LOWER BEFORE MARCH LOWS AS WAVE (2) IS CONSIDER A PARTIAL DECLINE IN BROADENDING TOP WHICH WORKS 76% OF THE TIME
