If you are a regular reader of my technical analysis you must know by heart my preferred long-term count for SPX.
As you already know, I am considering that from the November 2008 lows price is unfolding a wave (X)
The wave (X), which by definition is a counter trend move, belongs to a large Double Zig Zag (from the 2000 Top).
If this count is correct price, on November 2008, has completed the first Zig Zag, therefore once the wave (X) is in place, the EWP should open the door to a major reversal, with the second Zig Zag down.
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