Mini SP500 Intraday: Surprise Moves!

It’s been about 3 trading sessions, since the Mini SP500 had its last record high. In order for this bullish top to hold, we need lower highs and lower lows to continuously form.   We are only Micro degree waves from a top, so there is lots of room left, in this market to soar. 

I try never to put many alternate wave counts up in one chart, as it’s all about eliminating other alternates first.  There are always 5  simple patterns that can happen in any specific degree, so we have to knock those 5 choices down to 2 choices.   The faster we can come up with alternates the better. In this case one more “C5” bullish wave can happen, so until all December lows have been completely retraced, it’s still a wild west show. 

This is just a quick update, as the markets could move very fast and another option shows up.  A big bear market is coming as it seems Bubble Mania has infected all the investors. I started counting how many bubbles we have in 2017, and I think I can come up with about 10 myself. Probably more,  once we include all the world real-estate bubbles.  It would not surprise me if all these bubbles burst at the same time, and when that happens, trillions of US dollars will go up in electronic smoke.