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Mark, Yes, but I'm not sure this second 5-waves is a C or a third wave mu. Five waves UP :) . If this 5-waves is the third in a five-5-waves series, There may be another five waves UP :D .

Four waves :eek: . Wait and see if there is wave five or not :confused: .

Measured move reached :D . What's next :confused: ?

Five waves UP :) . There may be a measured move UP :D . Note: Wave :ii was larger than expected :eek: .

Five waves UP :) . There may be a measured move UP :D .

Everyone just "wait and see" :eek: .

The "W" pattern is confirmed :) . 23.6% retracement :D . Is this enough :confused: ?

So we got our third Big "M" :cool: . The question is, "where this will end?" :confused: . It might have ended already :) . See if the small "W" pattern is confirmed or not :D .

5000-minutes chart showed that this correction is a correction of a wave which is bigger than 5000-minutes. It also showed some supports.

There may be a rebound from measured move :) , but crossing the red lines DOWN is bad :( .

500-days charts are a cross road :confused: . Crossing the red lines DOWN is Bearish :( . Crossing the blue lines UP is Bullish :) Crossing DOWN and UP will be confusing :confused: :mad: :D .

So it was a rounding bottom, and price reached target :cool: . This may be a 5-waves UP :) , so there may be another 5-waves UP :D . http://thepatternsite.com/roundb.html

The 13th wave may be a thirteenth wave failure :eek: . This may be the fourth time that the RSI cut 70% line down :) . MACD also cut the trigger line DOWN :D What is the implication :confused: ? Note: Round bottom in SPX one day chart.

Fall below the red lines was really bad :eek: . We got two confirmed "M" patterns and another BIG one is in store :( . A measured move DOWN, or down to the foot of the "BIG M" pattern :mad:.

Trend Channel. Rebound from the red lines is good. Fall below the red lines is bad.

A more symmetrical reverse Head and Shoulders pattern :cool: . And a 5-waves UP too :) . There may a measured move UP to new 5-days high :D .

Reverse Head and Shoulders pattern confirmed :cool:, albeit a somewhat small right shoulder :D .

One more surge ahead :confused: ?

A reverse Head and Shoulders pattern would be great for the Bulls :) . They would hope for it :D .

Landis' double-bottom still holds :cool: . The return move has little effect on the "W" pattern :) . Now what's next :confused: .