The index only moves during the day with some of the wild moves smooth out a bit more.
The recent bullish price surge is getting down to the wire as there is very little room left before the SP500 breaks out to new record highs.
There is also an open gap which should get closed off, but ultimately this wave count has to decline and take out multiple support price levels around the 2830 price level.
They keep talking about a recession but this chart is still at record highs. Record lows would be better as when that happens we know the recession will be over. 2008 was a good recession year reflected by the charts with massive insider buying.
If, we don’t get a significant correction by the time solar cycle 25 is in full force a new bull market should start.
Upswings in solar cycles are very bullish for stocks which could happen by early 2021. In the next few months, this SP500 would have a long way to go as it has to clear the bottom of my “A” in Intermediate degree.
The Gold/SP500 ratio is sitting at record highs at 1.96 just off the 2:1 expensive ratio I have recorded.