NEOWAVE PUBLIC NOTICE: New BULL MARKET about to BEGIN

From the desk of Glenn Neely:

PUBLIC NOTICE

On November 5 of last year (over 6 months ago), I began to warn the U.S. stock market was bottoming and preparing for a new bull market (see Chart 1 below).

Nearly 2 months later, I followed up with Chart 2 on December 30 (see Chart 2 below) to reiterate my bullish outlook, using NEoWave concepts.

It's now obvious the S&P bottomed last October. Soon, it should become obvious the 2022 – 2023 Bear Market is Over. To be confident, we must see the cash S&P 500 push to new highs for the year - in a strong way - either this month or next!

Sincerely,
Glenn Neely
NEoWave, Inc.

Released by Glenn Neely on Sunday, November 6, 2022.

NEoWave Logic:
Contracting Triangle (from black arrow)
The firest green box measures the price of wave-a and the combined times of a & b. The seond green box is 61.8% of wave-a's price and half the total time of waves-a & b. IF a contracting Triangle is forming, wave-c will end soon above the low made in October.

NEoWave Analysis - WEEKLY Structure
As long as October's low is not broken, this contracting Triangle will remain our best choice. If correct, this bear market (unfolding all year) will end by or before late January. Afterward, a strong rally to all-time new highs will occur into mid or late 2023. On the other hand, if this October's low in broken, a final "scary, news driven" price collapse will take place into early 2023, which will then be followed a major advance.

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Released by Glenn Neely on Friday, December 30, 2022.

NEoWave Logic:
Contracting Triangle (from black arrow)
The second green box is 61.8% of wave-a's price and half the total time of waves-a + b. With wave-c's ideal time for conlcusion reached, the S&P should no longer break this year's low. A MAJOR RALLY is on the horizon!

NEoWave Analysis - WEEKLY Structure
A while back, I predicted "...this bear market...will end by or before late January..." Evidence is mounting that wave-c has bottomed and will conclude in early 2023. Once confirmed, upside potential for wave-d is significant; on a log scale, my guess is the S&P will reach 5500 by late 2023 or early 2024 (that's a 45% increase from current levels)!

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