- As of mid-Oct. 2018, it is the first time since the March 2009 low where it is in a position to have
completed a typical five wave Bull trend and completed the 9+ year advance that could be
followed by a corrective decline of 20% or more lasting at least several months if not 2-3 years. - The largest correction since the March 2009 low has been 9 months and 15.2%. If the Bull
market has topped, we should expect a decline greater in degree or time and price than any of
the corrections within the Bull trend. This higher time frame correction should last longer than 9
months and be greater than 15.2% (May 2015-Feb. 2016, W.(4). - A typical correction would reach the area of the W.4 of lesser degree (May 2015 – Feb. 2016) at
2135-1810 or a 27%-38% decline from the Sept. high. This coincides with a 50% retracement of
the Bull trend from the March 2009 low if Sept. 2018 is indeed the W.(5) top. - Only a trade below the April 2018, W.4:(5) low will confirm the W.(5) Bull market high is complete.
However, initial warnings it is complete have been made as shown on the weekly and daily charts
that follow. Bear trends are just like Bull trends, never straight down but wii have weekly highs and lows. A trade above the Sept 30 high would void this count.
Having said that, With a trade below last Thursday’s low a Weekly and possibly longer term Index high are confirmed. Target Zone for this 1st section down (W.1 or A) are on chart. At this point I would not go short in the hole. nce W.1 or A is complete a corrective bounce (50-62%) should occur). Weekly charts are deep OS. – Please join our Trading room to stay up to date with market updates..
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