$SPX has confirmed a bullish WXY model
$.SPX(.SPX)$ has confirmed a bullish WXY model to terminate Wave B thus beginning the grand finale - Wave C of [W5] of Wave 5.
Now the 5829 low should not be crossed to now blast to new highs targeting 6200-6320 in 1-2 months.
But make no mistake, once we hit those targets, the party will come to an end, paving the way for the much-anticipated, multi-year bear market.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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SPX confirmed a bullish WXY model for Wave B and shouldbe progressing in the final Wave C of [W5] of Wave 5targeting a new high above 6l00 with upside to 6200, 6320
That is expected to compelte the 15-year rally beforeentering the multi-year bear market with 40-60%downside.
However, a cross below the [W2]/[W4] trendlinecurrently at 5730, would invalidate such thus favoring thetop is already in.
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