Overview:
In the previous update we had (November 3rd):
Update:
Same as SPX, we got invalidation and major changes have been made both to my count and cyclic analysis.
Analysis of the Structure:
We are in the final stages of wave a of 5. Fib targets for wave 5 peak are 16797.25, 17271.64 or 17448.15.
Analysis of the Cycles:
In the previous update we had (November 3rd):
- Wave (b) of y of 2 developing as a flat, peak on Tuesday at 15288.65.
- Started the second 80D cycle of the current 20W cycle.
- 20D cycle trough: 13th to 14th of November.
- 40D cycle trough: 28th of November to December 1st.
- 20W cycle trough: first week of January 2024.
Update:
Same as SPX, we got invalidation and major changes have been made both to my count and cyclic analysis.
Analysis of the Structure:
We are in the final stages of wave a of 5. Fib targets for wave 5 peak are 16797.25, 17271.64 or 17448.15.
Analysis of the Cycles:
- 40D trough on November 24th.
- 40D FLD target: 396 (on QQQ).
- 80D trough in first week of Jan 2024.
- 80D FLD suggests a peak on December 5th.
- 20W trough in March 2024.
- 20W FLD target: 392.35 (on QQQ).
- 20W FLD suggests that a major peak will be on Jan 12th.
- 40W trough expected on June 2024 or if its short, its gonna be on April 2024.
- 40W FLD target 380 (on QQQ, already met).
- 40W FLD suggests that the peak will happen on March 2024.