S&P 500 Wave 2 Correction From Recent Highs

 

The S&P 500 has most likely started the Wave 2 Correction and appears to have seen the start with the  12/6/24 and 1/24/25 double top that was tested on Friday: If wave 2 is more of a drawn out time correction then it should be a fairly mild price correction as was stated in the September tweet, perhaps 1/3 of wave 1(yellow arrow on chart), and it may last through much of 2025. Otherwise a shorter term wave 2 may only last up to about 3-4 months and correct up to about 50% to 62% of wave 1(orange arrow) up from the October/2022 low. Either way, my view is that the low of wave 2 is in sight in 2025. I'll be watching for any indications that this outlook is wrong.