Major Indexes are in a final 5th of a 5th to finish Supercycle degree 1st waves.
That means we can be facing huge correction down of min 40% to possible 60%.
Dow Jones, S&P 500, NASDAQ 100, DAX, CAC40 all seems to be in a final stage of their Supercycle degree wave I (which is all trading from the first day ever till the possible top they will make soon).
Only UKX seems to have a different scenario in play, where it possibly finished Supercycle wave I in 2018 and also possibly finished Supercycle wave II correction and is in uptrend in Supercycle wave III, but more probable is that it is still into wave B of the Supercycle wave II which means it still has one wave down (wave C) to finish the correction before continues up with Supercycle wave III. Still stands better than other Indexes.
NIKKEI 225 is also a different story, it is in uptrend since 2009 is about to finish that uptrend at arround 34,600 and enter into correction, but it is of a much smaller degree wave that above mentioned indexes. It will most probably end its correction at 24,000 and continue up.
(Note: corrections are always between 38,2%, 50% and 61,8% of the length of the wave, regardless of the degree of the wave. I wrote 40-60 indicatively, Wave degrees are related to time it takes to finish the wave).
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