This is when it gets interesting...
July, December, February, ?
Nasdaq Count
Alignment of the Nasdaq third wave (above) with the defensive stock reversal (below) will initiate S&P third wave...
The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.