Not meant to be hyperbole (maybe a little), but its my actual target via what the short term and long term waves are tracing out. If this is a B wave Minor triangle as I proposed in tonight's update, and if C = A, then another 5 wave move will take it to the cusp of 1000. So yes, 999 is my new upper target based on C = A of the final ABC zig zag.
P1 ended at 666, why not 999 for a top with that elusive 1000 never reached....keepin everyone lurching in the wrong direction for quite some time when we head down. That would be a 50% rally. And NASDAQ would be close to an actual 50% Fibonnaci retrace if it hit above 2000.
Do you suppose it has to run higher than 999? I don't. All my fanciful guesses at how P2 might trace out via a 6 or even 10 month rally, doesn't seem to be panning out. We never got much of a pullback. Just the bullhorns thru and thru. P2 has a sense of urgency about it. Maybe it only has a small window of opportunity.
The (X) wave triangle and then another ABC zig zag means a double zig zag which means P2 is over. That's straight out of the book, not something I am guessing at. There won't be no fancy flat nor some 50% retrace and then another bull run.
Fear has been correcting for almost 8 months. Soon it will be unable to correct downward anymore. The falling wedge in the VIX will result in a move HIGHER than where the falling wedge started. That's the deal.
P2 is over near mid to end of June.
Maybe they take P3 down to 333....