Top of the Pops; Ring Ring
A little review (context is all). Starting with the consensus Elliott wave count on an SP500 going back to 1930, we have been in the 5th wave up of the Grand Super Cycle V wave since the 2009 low. Big Q then is; are we there yet? log scale click to enlarge Waves I thru III increased by a factor of 25.16, and wave V has increased from the '82 low, by a factor of 25.75 at the 2947 high. The wave count on the rally up off the 2009 lows; 10 yr chart click to enlarge Of note is the near equivalence of wave III and V around 1130 pts The weekly bar also has negative divergence on the RSI vs the Jan '18 spike. 3 yr. chart The 5 of V is 344 pts, vs. 1 of V at 310 pt.s Daily click to enlarge Note the daily RSI negative divergence. We are now