SPX Yearly Chart

     Although they have reached it via different paths, both Sequential (green label) and Combo (red label) have counted to ten from the 1970's. Since a count to thirteen is required for a signal the *earliest* a sell signal can be reached is at the start of 2013. Please keep in mind that these are very long term price movements being tracked.
     The green ellipse and red arrow on this chart indicate where D-Wave 3 ended. D-Wave 4 will only be indicated as complete with a move to a new high. It is interesting that such a move higher (which would be D-Wave 5 and the last in a great five wave up pattern) might coincide with a sequential or combo sell signal. Again.... this would take a few years to play out in this manner if it does at all.
      This information appears to support a bullish case for the next few years although the price pulse data from yesterday urged caution. Why the apparent conflict? I will pursue this with a look at the quarterly price pulse chart tomorrow.