One chart says more than thousand words.
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That's what I think has been happening on the big scale of things (red) and what's going to happen (blue)
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I've received some comments saying, "Wave 1 can't be longer than Wave 3" or "Wave 2 can't go up"
My response to this would be: Yes, it can!
S&P 500 is a bit "special"
Here is how MSCI World (www.msci.com/world) Elliot Wave looked like - same dates, same time periods!
This picture is again fine for diehard Elliott Wave theorists, right?
Or you could also see it like this
Whichever serves you better. It is important to understand that reality never follows some old-fashioned textbook, reality is often more complex and varied than some rigid rules. You have to be adaptable to recognize the most important thing anyway.
My response to this would be: Yes, it can!
S&P 500 is a bit "special"
Here is how MSCI World (www.msci.com/world) Elliot Wave looked like - same dates, same time periods!
Or you could also see it like this
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I've been fiddling with the curves a bit more and now I think I know better what's been going on:
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As predicted!
For follow-up outlook see my recent idea
For follow-up outlook see my recent idea
