Weekly S&P 500 Review - 31 Jul 2022 波浪理論/圖表派:一周美股回顧
Weekly S &P 500 Review - 31 Jul 2022 The S&P 500 Index went up 4 . 26 % this week and closed at 4130 . We continue to maintain the medium-term trend as a downtrend. The market extended r ally as we expected , and broke through the option 1 and arrived at our option 2 target as mentioned before. Thus , we have updated the short term count and chart accordingly. Our long-term labeling on the SPX is we are in the Great Super Cycle 3, which divided into 5 Cycles. The Cycle 1 ends at 1576 in 2007, and after the Cycle 2 bear market ends at 667 in 2009, we’re in the Cycle 3 bull market. Cycle 3 wave have 5 primary waves, and Primary I finished at 2134 in 2015 (with 1467 points), and Primary II ended at 1810 in 2016, then we proceed to Primary III. In the medium-term, Primary III has 5 Major waves, where Major 1 closed at 3394 in 2020 (with 1583 points), and Major 2 ended at 2192, and we’re in Major 3 now. The Major 3 wave will have 5 Intermediate waves, and the Interm