E-Wave for the S&P 500 Index

[milkman2]

i agree it's pretty sideways the last month due to excessive overlap. Note that the bears in one month brought the markets back to where the started in 2012, which took the bulls 4 months.... I think that speaks for it self. Either this is wave (ii) up with (iii) down soon to come. Or we're in C up of an abc-x-abc correction which will finish wave II. With III down to come after.

The fact that there's so much overlap suggest to me this is merely a corrective wave, not the start of a new bull run (e.g. see the difference between the last 2 months and the first 4 months of the year)