January 10th, 2021: SP-500 Years 2009-2010 to 2020-2021 Comparison
Posted by pugsma on January 10, 2021
As many have pointed out, year 2020 was almost a carbon copy (identical) to year 2009. So what IF year 2021 plays out like 2010? Below is how 2021 would look from wave count and SP-500 target level if it mirrors 2010.
Clearly I would need to adjust my existing primary (white/green) to show the major [3]-P1-C3 wave still on going, but nearing an important top between 3845 and 3900 in mid-January. Then a major [4] correction to the 3500 area into mid-Feb. Followed by a final wave up for major [5] the 4142 to 4200 area into the April-May time frame. Then a sharp P2 correction to the 3400 area into July. Finally the P3 wave up would make new all-time highs in to year end 2021 and beyond.
This is a wave count to strongly consider…
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