Overview: since my update of SPX on March 12th 2023, I had the general idea that wave 2 is developing as a flat on SPX. Since then, it has been challenging to identify the structure of this flat, for example the fact that the wave b of flat was developing as a triple zigzag (and still not finished).
Update: what I see at the moment is that wave b of 2 is developing as a triple zigzag and we are in wave (z) at the moment. I think we will finish this wave b of 2 very soon, most probably early next week. Then, we will start the move to the downside as wave c of 2 (remember that wave c of a flat has 5 subwaves).
Update: what I see at the moment is that wave b of 2 is developing as a triple zigzag and we are in wave (z) at the moment. I think we will finish this wave b of 2 very soon, most probably early next week. Then, we will start the move to the downside as wave c of 2 (remember that wave c of a flat has 5 subwaves).
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