Update

We head into the week with the often leading Real Estate, Dow, and Financials on long/buy Signals. The rest of the indices covered are on sell/short Signals.

The next two charts show that BTC has entered it bull market that should continue through late 2028 and possibly into mid to late 2029. The top chart highlights the confirmation of the most recent bull cycles at the thick vertical green lines. These lines mark the time the key indicator broke up from over sold levels. The indicator at the bottom points to pullbacks and bounces in both bull and bears cycles. The 2nd chart down is the BTC favorite count. The key question is an immediate term one, which is has minute wave [ii] bottomed or will we see a bit more downside. I suspect more downside is forthcoming with a target between 76.5-72.5k.

Like BTC, I believe the SPX is in a minute wave [ii]. The key question I have the the SPX is whether the SPX is in intermediate wave (3) -top chart, or intermediate wave (5) -bottom chart. The top chart is more likely as it more closely mirrors the BTC count. This count like the one on BTC above would extend the bull market into late 2028 or 2029.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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