... catastrophe is in progress.
S&P 500 long and medium term wave data is falling.
Waves 1 and 2 are long term values that are related to time spans of years (Wave 2) to decades (Wave 1).
Waves 3 and 4 are medium term values that are related to time spans of months (Wave 4) to years (Wave 3).
These combined values show a deceleration in progress.
IMO, of course.