UK100, Monthly

The monthly data for the UK100 index during the last decade or so is seen to produce a completed Cycle degree pattern of five Primary waves. However the pattern can only be counted as an ending diagonal. But this fits with the more general view of western indices where Cycle wave V is seen as either complete or in the final stage of completion. This is the completion of a Supercycle. The correction target is typically the end of the 4th wave, being point IV.

S&P 500 Supercycle Analysis:

The data prior to the inception of the S&P500 index is an amalgamation of the US stock market back to that date.

There are two approaches to the S&P500 long term analysis: either look only at data since the inception of the S&P500 in 1957, or to include an amalgamation of the entire US stock market before that date as part of the analysis. This is a look at the entire market.

The data only goes back to 1871. This bull wave count assumes up to the market peak of 1929 a five wave impulse can be counted. This may have been a Super Cycle wave (I), and the Great Depression was a component of Super Cycle wave (II) correction. 

Supercycle (IV) is expected to be a sharp zigzag of about 4 years duration with target of IV.

LINK:  Copper Chart