PG is not "just taking notes." He is doing what hundreds, if not thousands, of others are doing,i.e., using EW and other techniques to try to make sense out of this hugely volatile market. You should do the same. Even if you're too lazy to yourself read charts, at least gather what is (mostly free) views from these EW folks and became familiar with the language. I think it is an important input, along with several other indicia (such as market sentiment studies, etc.), to get your bearings. Don't disparage what you don't yet understand, okay?
bears cant let bulls run spx above 1152,we might be in wave 4 up before final dump however if bulls push higher that count of wave is no longer good!! if this is wave four up and bears push lower target is 1056-1061 spx