MTU Weekend Ed. - Wave Four (5/13/22 close)

Based on the steepness of the advance since the 2020 low and the corrective pullback from the 2022 high, the possibility of a fourth wave looks reasonable and interesting.  This structure is more obvious on a arithmetic-scale chart of SPX. 

 

MTU Weekend Ed. - Update (4/29/22 close)

 

MTU Weekend Ed - Flat Watch Continues (4/22/22 close)

Price action has been consistent with a flat (red (b)) with wave (c) in progress.  However, there has been no lower low yet - see near term bullish scenarios. 

MTU Weekend Ed - Flat Watch 2 (4/8/22 close)

 

MTU Weekend Ed - Flat Watch (4/1/22 close)

The higher high this past week terminated the triangle watch.  A flat watch is in progress (red (b)). 

MTU Weekend Ed - Triangle Watch 2 (3/25/22 close)

 No higher high in SPX, the triangle watch continues.

MTU Weekend Ed. - Triangle Watching (3/18/22 close)

SPX has a several chances to deliver a triangle to conclude the pullback (in the triple zigzag scenario) this past week but none has surfaced.  A larger triangle remains possible and is worth monitoring.