Weekly S&P 500 Review - 26 Nov 2022 波浪理論/圖表派: 一周美股回顧
Weekly S &P 500 Review - 26 Nov 2022 The S&P 500 Index went up 1 . 53 % this week and closed at 4026 . We continue to maintain the medium-term trend as a downtrend. The market has reached another intraday high at 4034 this week, and managed to closed above 4000 for the first time since Sep 13th . 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 Intermediate i has already finished at 4818, while we’re in the Intermed