


PlannedTrades
Hopefully that rally from the Feb 9th low isn't an impulse so we can get long at lower prices.
The chart looks messy so I'll try and clean it up a bit.
If this count is correct then we're headed towards supercycle wave 5, of grand supercycle wave 5, of submillennium wave 3 !. Though you have to wonder if this bull run from the March 2009 low (till year 2020) can even be cosidered a supercycle (impluse) wave??? ...a mere 11 year ride for a supercycle wave?! Of course, the S&P 500 at 4200+ also sounds ridiculous,...
I'll post an updated count of the entire structure so minor wave 3 is better seen in the bigger picture.
Triangles are very difficult to pinpoint until they are in wave "E" so we'll have to wait and see.
The non-alternating waves might be a red flag; though there IS alternation between the primary and intermediate degrees (waves 2 and 4 obviously).
A possible intermediate wave ending diagonal is nearing completion by the 1st week of September, and then... a MASSIVE DROP to $49 ?!!! BUY! BUY!! BUY!!! Momentum indicators are diverging with price action as well.
Buy the next pullback... possibly falling in October.
Check out the debt on AT&T's balance sheet! No good if rates go up! Short term long, however.
...otherwise wave 3 would be the shortest. Still bullish, but I guess the raising of interest rates in the future will peak WFC around $70. Buy pullback if it hits $40.
Perhaps this is the best bank stock chart in the S&P 500. I don't think GS or JPM are as clean, but I'll post some counts for them as well.
The bull market is NOT over! WOOHOO! =c) The S&P should break to new ALL TIME HIGHS by year end!