Sunday, April 5, 2020 Visit us at: NEoWave.

com

Analysis by Glenn Neely

President NEoWave, Inc.
Information contained herein is believed to be
reliable, but the publisher cannot be held liable
for errors or omissions. No specific advice can

S&P 500 be construed from the following. The reader is

solely responsible for all action taken.

MONTHLY (Intermediate-Term / Released first Sunday of each month)

Intermediate-Term
Copyright © 2020
b? (next 3-6 months):
(D)
by NEoWave, Inc.
BULLISH

3000 g
e b?
If cash breaks
2822, Bull
Market prob.
over
NEoWave f Structural Position:

DIAMETRIC Wave-b of (E)

2500
c
d
X
a
a
b
2000
X Monthly CASH Data
(highs & lows plo,ed in order)

1800
Nov-14 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19

NEoWave Logic: NEoWave Analysis – WEEKLY Structure

Expanding Triangle? (from black arrow)
As warned about in prior updates, the break of
2822 cash was the point the old “bull market”
probably ended (see red-dashed line). The
recent break of 2200 confirms wave-(E) has
started; based on long-term charts, its structure
is expected to be an expanding Triangle.
Based on customer input, yesterday’s monthly update was confusing.
To clear things up, I’m resending it with corrections. First, we can now
confirm wave-(D) ended at this year’s high. Second, due to the violent
but sub-standard size of wave-a (on long-term charts), the odds are
high wave-(E) will form an expanding Triangle (green line). The S&P
has embarked on its most treacherous trading environment in decades!
For assistance, write to CS@NEoWave.com

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