FibonacciDiPisa

FibonacciDiPisa Updated 

Final thoughts before the weekend: I feel a correction on the horizon, perhaps the beginning of something bigger. Either way, short term is hard not to think we have to retrace a bit. Based on FIB retrace, RSI, and cypher harmonic formed I saw on my charts and frodo75 confirmed (see linkage). my best guess is in the neighborhood of 3612, give or take. That would...

FibonacciDiPisa

Volatility on rise. Potentially just a head fake, but possible the start of bearish tendencies now that bulls are comfortable.

FibonacciDiPisa

Seems likely we will go into the short-term bearish scenario. We have the full moon coming at the end of the month and seasonality changing, where I would imagine a change of direction to bearish for the next 7 or so days. Once that correction is complete, I imagine we will be right back to upward movement to new ATHs (3700+) as governmental interventions and...

FibonacciDiPisa Updated 

I would expect things to move higher towards 3700; although there will likely be some resistance around the FIB of the drop, hence my exit point. Also, I would anticipate more sideways and slowly bearish movement through end of November and December. The real devastation will come when the virus cases have reached a level where brick and mortar retail cannot be...