The following chart uses the Wilshire 5000, a better indicator of waves in my opinion, for the squiggle count since the April 2025 lows. Just looking at things objectively concerning the “best” count, the following chart is perhaps where the market stands as of today.
Please note the big “push” in later August to kickoff Minor wave 5. The channel has been obeyed. But objectively, the wave count points to yet another high coming.
And speaking of the Wilshire 5000, this of course is the index used in the “Buffett Indicator”. The Buffett Indicator: Market Cap to GDP – Updated Chart | LongtermTrends
Warren Buffett once warned that anything over 200% was a danger zone. We are in record territory.
