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Why the Stock Market will Double – Nasdaq 10k, Dow 40k and S&P500 5k

Let's Party like it's 1999 and Tulips are a Trader's Best Friend Since Central Banks started printing money out of thin air, financial markets have seen massive inflows of freshly printed fuel. Stocks surged, bonds surged (record low rates) and more recently, even cryptocurrencies have surged....all three showing the same pattern

S&P500 – Monthly Chart

In the Monthly Chart below, I have described the Long Term Elliot Wave count, starting at the Low of 2009. The High @ 2134 in May 2015 defines Wave III up (white). Currently, we're in Wave IV down: 1st target Price is 1940-50 (red and white trend line). If that breaks, 2nd