Mini SP500 Intraday New Record High Update.

The markets keep breaking the world record highs, and the SP500 is no exception. After every 5 wave run, even at this small Micro scale, we should expect a change in direction. The only thing that ever changes, is the degree where we think we are counting from. In my case I’m dedicated to finding all 5 waves in Cycle degree first, not SC or GSC degree locations.

SC and GSC degree price commentaries and forecasts are irrelevant in a Cycle degree world.  Everything starts with a wave zero location, and in this case 5 waves up in Cycle degree, started in 1932. By 1937 the markets were finishing a Fibonacci 5 year bull market, which started right in the middle of one of the biggest depressions in stock market history.

Now look back to the 2009 bottom, when the markets ignored all the bearish fundamentals, and proceeded  to soar, leaving the majority in the dust without any strong positions.

In the next 2-3 years we could be facing another major bear market, and you can bet the majority will be left in the dust empty handed again.

Getting caught up in our present euphoric, “New Era, Bitcoin world”, we must keep in mind that bull markets end when the majority are telling us that they can’t end. We have more price bubbles in the world today than we can count on all our fingers and toes, which also indicates a rather high degree top is in play. One degree higher than the 2007 peak to be exact.