SPX Harmonic Elliott Wave and Hurst’s Cyclic Analysis
Overview:
Let’s review the key points of the previous update (November 3rd):
Update:
Analysis of the Structure:
Yesterday, we peaked at 4418.03. This was super close to our target of 4416.16, we were just a bit early on the expected date. I think we have started wave (c) of y of 2.
Analysis of the Cycles:
Not much to update. I am expecting the first 20D cycle trough of the current 80D cycle on Monday, as mentioned in the previous update. No change to the rest of the dates mentioned before.
Let’s review the key points of the previous update (November 3rd):
- Wave (b) of y of 2, developing as a flat.
- Price target for the peak is 4416.16 on Monday or Tuesday.
- We got the 80D cycle trough.
- Started the second 80D cycle trough in the current 20W cycle.
- 20D cycle trough 13-15 November.
- 40D cycle trough November 30th or December 1st.
- 20W cycle trough on last week of December 2023.
Update:
Analysis of the Structure:
Yesterday, we peaked at 4418.03. This was super close to our target of 4416.16, we were just a bit early on the expected date. I think we have started wave (c) of y of 2.
Analysis of the Cycles:
Not much to update. I am expecting the first 20D cycle trough of the current 80D cycle on Monday, as mentioned in the previous update. No change to the rest of the dates mentioned before.
