S WAVE CHARTS

[northam43]

It eventually will. The SPX Weekly is in what I call a Super Cycle P2 (W-SC-2)Uptrend. It is now in it's 22nd week. The average W-SC-2 lasts 26.25 weeks and normally puts in a high by 23.63 weeks (due 4/21/17), the projected high range is 2373.94 to 2538.65, the current Weekly cycle high is 2400.98. I'm expecting another all time high before this W-SC-2 comes to an end.

So we should get atleast short weekly P1 (W-S-1) down phase confirmed by the end of this month. The current projected low range for a W-S-1 is 2324.81 to 2287.49, the average W-S-1 lasts 1.21 weeks, if we then get a W-1 (average weekly P1 down phase) confirmed (not likely during the next weekly down cycle), the current projected low range then goes to 2283.65 to 2208.42, the average W-1 lasts 4.40 weeks and normally puts in a low by the 3rd week. These projections are based on the current Weekly cycle high of 2400.98, so if the Weekly makes new highs these projected low ranges will go higher.