F
fibo_trader
Brace! Brace! Brace! .................... The adventure begins only when Wave 3 begins. Not a moment sooner.
But what are the possibilities? What is BEAR doing on the Math level?
Here's my thought-ing: (monthly timeframe used as the wave from 2009 is a long duration mother)
SPX bull run from March 2009 low completed Wave 1 up in April 2010.
Projecting Wave 1 up gave a perfect hit for Wave 3 on Feb 1, 2020.
The we had the monster CRASH for Wave 4 into March 23rd, 2020.
Then began the current spectacular terminal Wave up aka Wave 5.
BEAR has not taught me this so what follows is just me operating on what I think I know about BEAR ......................
Keeping the March 2009 origin the exact same, but this time instead of putting the 100% on Wave 1, I put it on Wave 3. We now have a direct hit at 50%. - this could be it as 50% is a very valid number, not a Fibo number but shows up quite often in financial markets like for example the 50 period moving average that Institutions swear by (including Goldman Sachs).
So, we are at 50% projection of March 2009 to Feb 2020 Wave. Very very very tempting for the bull run to continue and hit the final target at the Golden Ratio of 61.8% at 3,881.43
Why do I think this way? Because BEAR's hits are Mathematical hits based on NATURE
Therefore the CRASH could start from current top 3,588.11 or at 61.8% at 3,881.43
SPX daily Ending Diagonal Triangle for a 5th and final wave up, a terminal wave, meaning that the entire bull run from 2009 is OVER
OR
its only a 4th wave in the move in action on daily which implies one more Top higher than current top