SPX from Mar 2009 looks more like 3 waves UP, 5 waves DOWN and 3 waves UP,
V]IV)C2]a)-b)-c), V]IV)C3]1)1-2-3-4-5, V]IV)C3]2)a-b-c
than
5 waves UP with wave 5 failure, 3 waves DOWN and 5 waves UP,
I1]-2]-3]-4]-5] failure, II2]a)-b)-c), III1]1)-2)-3)-4)-5) in the making.
If SPX has a new...