SC2 from 1929 to 1933 was sharp.
SC4 has commenced and alternation favors a flat. See IV' and IV.
SC4 consists of Cycles A, B and C with an overall duration estimate of circa 9 to 11 years.
Cycle C is expected to be the largest with a target of 666 on the S&P 500 futures index.
At present the Intermediate wave (A) is 2170 and (B) has a target of 2930.
Then Primary wave [A] has a target of 1700 with [B] expected at 2350
Primary [C] will conclude Cycle A
12th April:
The extension of lockdown serves to exacerbate the economic damage. Further extensions will not assist the health but will find fewer business survivors to resuscitate.
The merits of the lockdown can be debated but panic always drives stupidity.
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