Sell Rallies

Most people only look at price and forget about time. When time and price meet, price can have a big reaction. Using fibonacci in time. Anchors, yr 1896 ATL             to yr 1929 H, project fib ratios out in time, there seems to be a pattern from observation.

Years 1942, 1950, 1974 & 1982 these fib ratios showed price was at the end of a correction with the 38.2 being the deeper of the two corrections and the 61.8 being a -24% correction. Year 2007 the 0.382 was at the start of a correction just like the 61.8 is at the start of the current correction. A -24% correction would put the DOW at the monthly close high of year 2007 in the 13800´s

The correction could be deeper, i do not know. However, once the correction is over. If history repeats. Looking left of the chart. Price would have an upside bias.
Comment: With Yellens dovish statments yesterday on rate hikes, I am not comfortable recomending shorting the spx. If could just continue to drift higher. I do not know. If the dips continue to be bought, there are two possible upside targets Notes on chart
Comment: es june contract could have a price target @ 2118.50 using continual anchors
Comment: I believe 2494 - 2500 could find some resistance where intermediate 3 could end. all bs. with a pullback towards the 2300 in an intermediate 4, intermediate 5 has a possible target up at 2511 with a -0.618 fib extension using year 1974 anchor low to year 2007 anchor high. More bs, I believe intermediate 5 could end towards the end of year 2017 setting up a primary 2 which could last pretty much of year 2018. Once Primary 2 is done, price could be entering a primary 3 of cycle 3 where in the nxt few years, where we could witness a very powerful minor 3 of primary 3 of cycle 3 aka 3 of 3 of 3 which would probably blow all the doom and gloomers minds to shreds
spx500 looks like its could trade up to 2100

since may highs price has rallied up to it and stopped at trendeline resistance.
See: https://twitter.com/spiralcal/status/681462508692107264
elp dhExcel
For evey bullish fractal there can usually be a bearish fractal to be found. Looking at year 2007-2008 price made a high then a higher high before crashing, while the COT report made a head and shoulders pattern. I thought the 2015 end of year rally could try to make a higher high similar to yr 2007 because the current COT report is making a H&S pattern just like yr 2007. I have noiticed indicators can make bullish and bearish price patterns that can show price direction. This is all bs at the moment. fractal with yr 2007-2008 crash
elp elp
COT lack of commitment?
Also with oil tanking it has dragged down the indies. It looks like oil is at a fib time period that is in confluence with two fib levels. The last time CL was in a similar period was year 2006 were oil found resistance and pulled back for the next 12 months before making a new high. Also looking at CL compared with the SPX they both from observation seem to have a positive correlation on a monthly chart. I am not implying the correction in oil or the spx is over. I just belive if CL can hold the 25-26 level as support, the spx could try to find support. Looking at oil in 2006 it tested resistance for three months. If oil does this again, oil could probe the lows set in january through march april, i do not know and this is all speculation, just pure bs. If the spx does make a lower low this year I am looking at two levels where the spx could find support. 1st is 1737 the feb lows in 2014 & 2nd 1549 yr 2007 monthly close high
Price has reactions with fibonacci levels just as time has reactions with fibonacci time periods. From the October 2014 low to the May 2015 high price has been respecting this fibonacci time period draw. I do not know if price will continue to respect it, however I am expecting a time reaction in the third week of february on or around feb 18th. From observation i am noticing a alternating pattern on the time fibs, 0.272 was a low, 0.618 was a high, 0.786 was a low,
or (low, high, low) next, 1.272 was a high, 1.618 was a low, 1.786 was a high or (high, low, high) currently time is entering the 2.272 time period and am wonder if the time fib alternation will continue. Where the 2.272 would be a low (can be a higher low) 2.618 would be a high and the 2.782 would be a low or a (low, high, low). I do not know if this pattern will continue. However if price is rallying or pulling back at the 2.272 time fib on or around feb 18th I would look for a reaction with price where there would be high or low made, This all bs at the moment. notes on chart
See: http://spiralcalendar.com/2016/01/whos-on-first/#more-9158
+1 Reply
elp dhExcel
Yes the USDJPY can have a tight correlation with the US indices. Although CL has one too. This is the most extreme negative correlation CL has had with the SPX since yr 2003. Looking left when the two are at this much of an extreme the snapback to a positive correlation can be just as extreme.
the current time period 2011 L - 2015 H was three weeks longer than the 1949 L - 1953 H. If the fractal continues this could suggest the current correction could last another three weeks ending in the week of February 15th. The low does not have to be a LL
+1 Reply
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