No Changes to the $SPX Analysis; A Close Look at Today’s Price Action

Earlier I already pointed out the good fib we are at. We mashed through it a bit (not so pretty to do that), but a lovely thing happened right at the close.

We closed literally right at that fib:

SPX

During the session, I had been investigating the triangle down here, and as of the close, here is what I want to do with it, given where we closed:

SPX

I think this post-Fed drop is five minute (blue) waves down, and if I’m right about this being a major low, then those 5 waves down are the end of five minor (green) waves of five intermediate (orange) waves of five primary (pink) waves of cycle (yellow) “c” of supercycle (purple) “b.”

Jesus H. Christ God Almighty.

Let’s see if we rally.


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