Thursday, June 4, 2020

Halfway home

We are right at the midpoint in time from where equities first rolled over at the all-time highs, to the September FOMC where I am proposing that the Fed will announce its direct support via purchases of $SPY.

It is a very exciting moment, if a 5-wave C impulse lower is due.

SPX C down, log indexes
SPX C down, linear