Weekly S&P 500 Review - 28 Oct 2023 波浪理論/圖表派: 一周美股回顧
Weekly S &P 500 Review - 2 8 Oct 2023 The S&P 500 Index went down 2. 53 % this week and closed at 4 117 . We maintain the mid term trend for SPX is uptrend. The SPX has another significant pull back, which opens the door for 2 options: a more bullish count, and a bearish one. Our long-term labeling on the SPX is we are in the Super Cycle 3 , after Super Cycle 1 bull ends at 1576 in 2007, and Super Cycle 2 bear market ends at 667 in 2009 . W e’re in the Cycle 1 bull market of Super Cycle 3 . Cycle 1 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, the Intermediate i has already finished at 4818, and Intermediate ii has finis