Weekly US Stock Market Review – 30 Jun 2024 波浪理論/圖表派: 一周美股回顧
Weekly US Stock Market Review – 30 Jun 2024 The S&P 500 Index went down 0 . 08 % this week and closed at 546 0 . We maintain the mid term trend for SPX is uptrend. The SPX has a swing week in the past 5 days, which try to break the 5500 and 5535 resistance but failed . 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 Primar y I finished at 2134 in 2015 (with 1467 points), and Primary II ended at 1810 in 2016, then we proceed to Primary III. We expect the Primary III will arrive 10,000 points. 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 Inte