This whole structure is currently in a 5 wave downward move. Projected low is 42k.
-- Accumulation period is next 679d until April 2028.
-- Previous highs at 125k will be tested Jan 2029.
-- Projected highs at 175k-208k (NEXT CYCLE HIGH).
Accumulating slowly.
$SPCX We added @ $109.11 in phase 3 now....tripling our position....bring that ole average down.... right on scedule....our target is still $94 once it gets hit....it will snap some necks.... @cnbc
Tom Lee on CNBC a few days ago reiterated his $SPX 2H pathway (115 trading days left):
7,455 β> 7,700
7,700 β> 6,545-6,930
6,545-6,930 β> 8,000
So we still pump a bit between now and August ish. Have a quick steep drop of 10-15% between Sept-Oct ish. Then have a monster rally by eoy.
Iβm just the messenger.