T/A ETF AND INDEX

[POKERSAM]

Sorry, It became obvious several days ago that the (5) of ending diagonal[5] fell short of the top one three trendline. That is very uncommon but it does happen. Normally the fifth wave in an ED will overthrow the one three line.
We are now well into the wave Cycle IV correction I talked about earlier. The initial target remains about the same at 1924.

One thing you might stay aware of for the long term. At the 2129 orthodox high we completed three waves off the 666 low of 2009. This three waves could be an ABC rather than a 123. It is pretty unlikely but Grand Super Cycle IV which began at the 2000 high may have another huge wave down to below 666. Over the years I have discussed this possibility and we are now at a point where we will know.
Simply stated, in this scenario, the three waves from the high of 2000 to the low of 666 in 2009 was a flat A wave. The three waves up from 666 that we have just completed was a B waave. We are now in a C wave down that will go below 666. This huge ABC flat began at the 2000 high and will end in the future below 666 is Grand Super Cycle IV and is the fourth secular bear market since 1871.

The more likely alternative is that Grand Super Cycle IV was a completed flat at 666. This being the case we are in a cycle wave IV down which should reach the low 1900 area before going to new ATH in wave V.