* Below is a Market Forecast update from World Cycles Institute
Projections For the End of the Rally
Above is the daily chart of ES (emini SPX futures). We’ve been in this fourth wave of the ending diagonal for 9 weeks. The second wave took 9 weeks, so the fourth wave should be nearing an end.
Usually the second and fourth waves in motive waves will be of similar magnitude (the fourth wave a bit longer) but in an ending diagonal, the waves get smaller as they move towards the termination, which is a fifth wave up to a new high, ……