Quick update

Small waves 4/5 followed by bearish weekly reversal candle, the pattern has been completed right on schedule and now move lower has started.
This is week 17 so in the next 1-3 weeks, probably mid-August, we should see 20w cycle low and higher into September.

The next important lows/highs are 40w low November/December and 40w high February/March. When the market reverses it is gradually not with a crash - what I wan to say is between now and February/March 2026 expect series of lows and highs and after that the market will dive lower. For examples look at years January-August.2000, May-December.2007, August.2021-March.2022

For now assume that there is one more high and b-wave has started, but look for the exit.

Perfect waves and Fibo measurements.

Support area and MA200 should be the target

Quick update

Right on schedule the pattern should be completed this week at week 34 for the 40w high(average 32-36 weeks), market breadth is on sell with divergences.
This is important top I think at least 40w high and there is probability this is the 4y cycle high.

Small waves 4/5 are possible to complete perfect impulse c/Y and the whole pattern.

I will not be surprised to see zig-zag like this and 4y cycle high.... too much euphoria, M-pattern topping process for 8 months, divergences - enough ingredients for important top.

Most EW guys see ED from the 2020 low... it just does not look like ED too weak second wave too long and strong third wave. If there is one more 40w high and ED it is rather this: