This update of the ALSI Swix index sees the completion of Cycle A of the Supercycle correction and thereby the turning point into the bear trend correction of Cycle B.
From 9th March:
This +2 year correction is seen as still evolving and now busy with the Minor A wave of the Intermediate (C) wave of the Primary [C] wave of the Cycle A leg of this propective ABC Supercycle correction. It is expected that this Intermediate (C) wave will extend further in a 5-3-5 pattern and produce a 1.62 extension of the Primary [A] wave.
The adoption of the Supercycle (III) label is from the Dow which is taken as the precursor and major influence of the long term ALSI behavior. The Dow, Nasdaq and SPX are seen as now entering the same correction cycle, having been delayed by previously unseen and unwisely manufactured interventions. The ultimate low point target is a 1.62 extension of A.
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