This will be the last of the September index as all of them will be moved to the December 2018 contracts. The markets are doing a good job of killing any bearish wave positions as they ride the choppy move to the upside. I will stick to my guns, and look at this as the start of an expanded pattern. The stock bubble ended in January and I have that peak as a Cycle degree wave 3 peak.
There is no way of hitting the exact wave, but a fast retreat would be sign that this bull market has had enough. Investing at world record highs seems to be the popular thing to do. I see it as just plain greed when putting money at risk like this. Over a 400% gain in a 9 year run is still not enough for investors, as I see nothing but a stock market bull trap being set-up.
Nothing new here as I am tracking another mania for the third time. Patterns like this can create very steep drops, as the investing crowd is going to panic once a few support prices get breached.
I filled in wave positions down to the Minuette degree level, as the “C” wave is a diagonal wave structure and is going against the bigger trend.
My wave position is only a Cycle degree top, as the majority are in SC and GSC degree wave counts already. 2018 is 89 years from the 1929 peak, but this time it’s just one degree lower than the 1929 crash was so it will be like 1929 and 2008 which should take 2-3 years to fully play out. 2022 is my target year, as years ending in 2 seem to have major reversals connected to them.
Massive deflation is the true threat, and we may see that by the FED, “resting” on rate hikes. Even when they drop rates again inflation will not be the driving factor, as printing money is not inflation. If the velocity of money picks up then gold will benifit by going up in price. Gold has already turned the corner last week with a low spike of about $1160.
All my work is from a Cycle degree perspective so all SC and GSC degree wave counts will not happen for decades far beyond my years, but which the new Generation-Z will live work and invest in.
The first of the Generation-Z was born in 2008, but I am checking that, as it would also cut off all kids born to the Millennial generation.