Intermediate Price Pulse and a Trending Pattern

To quickly summarize, my premise is that an Expanding Triangle pattern is forming in the cash SP500 from the 2000 high. Wave 'D' of that pattern is itself a Zigzag pattern from the 2009 low and is about to complete. The Monthly chart showed that Wave 'C' of the Zigzag is a Trending pattern (1-2-3-4-5) where we appear to be towards the end of wave '5'.

On the Weekly chart (below) we can see the Intermediate Term Price Pulses that make up wave '5' of the Monthly chart which began in June 2012. Once again we have the expected five wave Trending pattern of alpha-beta-delta-x-y. Note that pulse 'y' is still forming. In these Trending patterns the Beta-x trendline is the one to watch.

And so .... when pulse 'y' (wave 5) completes on this time frame it will also mark the end of the fifth wave on the Medium time frame, Wave C on the Medium-Long time frame and wave D on the Long time frame. A very deep sell off is then expected to unfold.

Next time I will introduce the daily chart.