The Medium-Long Price Pulses

In yesterday's posting I discussed the Expanding Triangle pattern seen in the Long Term Price Pulses. That work showed that wave 'D' of the triangle has been unfolding in the cash SP500 since the 2009 bottom. The last leg of the triangle, 'E', will end the pattern and move the market to what now seems like an absurdly low value. When will this 'E' wave begin? Why, when the 'D' wave ends of course!

Every leg of a triangle pattern is itself a corrective pattern. In the case of wave 'D' the Medium-long price pulses (as seen on the Quarterly chart) show it to be a Zigzag correction (an A-B-C pattern).

The implication is that the Zigzag, and wave 'D' of the Expanding Triangle, will end when the Delta pulse completes. The Delta pulse, or wave 'C' of the Zigzag, will itself be an Impulse pattern composed of five pulses. That pattern is revealed on the Monthly chart which I will show tomorrow.