SPX Elliott Waves (SP500)

[NASARAVI]

G

You are right on track - I have two proprietary indicators - they are solidly above 50 and even 80

What is means - is that one represents daily move - so high above 50 that it will take time to correct
One represents weekly signal and that is above 80 mean same - lot to fall

I should have looked at them few days ago. Was busy July 20 moon landing celebration.

Anyway, you are right on the money - we have finished red (Iv) and going to red v to 3075 area.

Blue (iv) will come after August 7 or so.

Regrads.