Update

We have corrective pattern for the 5w high so we will see at least one more leg lower when the pattern is completed.

Long term look at cycles since the last important low and high:
- lows(red) does not realy adher to the theory just one 18m cycle. What we have is 2.5 years cycle.
- highs(blue) running almost exactly 18 months like thetheory says... usualy they are shorter.
If this continues we should see decline for one year to MA200 like all the previous declines in the 6000 area +-200 points then higher for 6 months.

Update

Here we are in September and it is time for the next high as expected. The question is lower high or higher high. SPX has a chance, possible pattern for higher high NDX and DJ with very high probability for lower high. It will not last long a week and we will know.

The two possible patterns. SPX looks like possible 4th wave(red), NDX and DJ look like sideways flat correction(black) before continuation lower.

The bullish(for another week) count a-b-c on a bigger scale.

The bearish count - completed impulse.

The same from cycle perspective.