I found a nice fractal somewhere on the web (can't remember where...). The fractal basically compared the start of the bear market in 07 and today.
I slightly changed the fractal and added the "perfect" numbers to today's chart if today had the exact same proportions as in 07/08:
So far pretty impressive imo... This rally should stop around 1064 or it should measure 59 handles (1064-1005) which is the case at 1070 (1011+59). The last numbers were always about 5 handles off the real low/high so I tolerate a move to 1075- max 1080.
An updated wave count below:
I was a bit early labeling the wave [ii] high at 1042. So I changed to my alternative count: 1042 completed wave (w) and 1018 wave (x) of a double zigzag. Second waves usually retrace between 50 and 62 % so the target is between 1070 and 1085.
