The S&P500 has hit a new ATH, barely, along with a mature wave count and specific targets for how much more we can expect...
The S&P500 Index has hit a new all time high today by 1.5 pts. While the Dow Index is still lagging way behind we do expect it to catch up. If the Dow fails to make a new high this would form a large divergence between two primary indices that would strengthen the opinion of a major top forming. Today we're showing a chart of the S&P index that we've had drawn since early this year that shows the market has been in a large "intermediate" wave (4) correction ever since the high of January 2018. In early 2019 we showed that the wave formation looked like it may be forming an "expanding" triangle pattern that needed to finish out the D and then E wave before completing. Price went on to finish D in February this year and then the huge drop because of Covid formed the wave E to complete the triangle. The rally form the March low is trying hard, in the face of massive uncertainty, to form an impulse five waves as the last and final "mi...