Morning Update: YOU ARE HERE
As we trade the day to day...the micro machinations of the SPX and ES Futures, I want to put into context where we are within the overall bigger picture. Having completed our Super Cycle wave (III) and begun to retrace in our SC wave (IV) ...you can barely even see the current decline from the high of January 2022.
Within this Super Cycle wave (IV), we are simply working on completing our b of larger a to come sometime latter 2023-2024. That's right, we haven't even completed a cycle A wave yet. The purple box shows our alternation with Super Cycle Wave (II) which was very deep and quick. That purple box would represent the current magnitude of the SC wave (II) juxtaposed over current prices. Our wave (IV) will alternate and be long (2 Decades to complete) and shallow (completing at the 2.382% to as low as the 2.0% Fib Support Area).
Many of you will disagree with this chart. I understand the skepticism. However, cycles being what they are, this chart stands a high probability of becoming a reality...whether we like it or not. SO, as we carve out our profits day to day....remember in the grand scheme of things....
....WHERE YOU ARE ON THE LONG TERM CHART!
Best to all,
Chris
Within this Super Cycle wave (IV), we are simply working on completing our b of larger a to come sometime latter 2023-2024. That's right, we haven't even completed a cycle A wave yet. The purple box shows our alternation with Super Cycle Wave (II) which was very deep and quick. That purple box would represent the current magnitude of the SC wave (II) juxtaposed over current prices. Our wave (IV) will alternate and be long (2 Decades to complete) and shallow (completing at the 2.382% to as low as the 2.0% Fib Support Area).
Many of you will disagree with this chart. I understand the skepticism. However, cycles being what they are, this chart stands a high probability of becoming a reality...whether we like it or not. SO, as we carve out our profits day to day....remember in the grand scheme of things....
....WHERE YOU ARE ON THE LONG TERM CHART!
Best to all,
Chris
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