This is the lower time frame count of the S&P. The main count suggests the market is ready for a 3rd or 5th wave rally.
The alternate count suggests maybe the (E) wave just started, which is another month of consolidation.
The breakdown of the lower time frame triangle would higher the chance of alternate bearish count.
The breakup of it would confirm the main count.
There is a chance that the larger timeframe 4th wave will become more complex, but the time analysis strong suggests that would not happen.
The alternate count suggests maybe the (E) wave just started, which is another month of consolidation.
The breakdown of the lower time frame triangle would higher the chance of alternate bearish count.
The breakup of it would confirm the main count.
There is a chance that the larger timeframe 4th wave will become more complex, but the time analysis strong suggests that would not happen.
