Having had my long-term count for more than three years it has changed from a simple zigzag into a double zigzag and currently into a triple zigzag. Triple zigzags occur only very rarely though, and in fact, I think the count looks very unproportional.
Thus, I deleted my long-term SPX count on Friday and recounted the SPX without any bias. And that's the result:
I actually like it much more than my previous count. It's much simpler and many problems are gone.
You could count wave [C]/[3] slightly differently. It is possible that we are still in wave 3 of (3) or already in wave (4).
The very-long term count remains the same. I still think that eventually we will end up at levels lower than in 2009.
