4xForecaster
Short

$ES Rolled From 1.618-#fibonacci; Bears in Force | $SPX $SP500

CME_MINI:ESZ2014   S&P 500 E-MINI FUTURES
920 4 6
Traders,

An expanded triangle completed at point-5 following a surgical alignment with an internal symmetry projection off of same pattern's Point-3.

Since this Fibonacci validation, price rolled below the pattern's 1-3-5 Line and is now at a point of recovery as it approaches this line's underbelly.

Look for signs of capitulation, such as repeated failure of ascent at specific, well-defined Fibonacci levels, namely:

- 0.786 = 2069.50

or

- 0.886 = 2072.25

These values should be defined by measuring the height between Point-5 and recent higher-low structure at 2048.25, yielding the price defined.

If bears retain control of the chart, I would look for failures at 2048.25, and 2014.50 as added bearish confirmation, opening the floor to levels as low as 1879, defined by a deep 0.786-Fibonacci retracement coming in near-alignment with an internal geometry core at 1870.00.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter; @4xForecaster
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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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Beautiful chart David, thanks for sharing!
+2 Reply
02 DEC 2014 - Update:

Both a structural overhead resistance and an extreme WW's Point-5-second complete is weighing on the index:


snapshot



David Alcindor
+2 Reply
12 DEC 2014 - Update:

From Twitter:
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#ESZ2014 continues to roll from 1.618 #fibonacci target; 1933.75 remains intact:

snapshot


via @tradingview $SPX $SP500 $ES
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snapshot



David Alcindor
Reply
15 DEC 2014 - Quick Note:

Price reacted towards 0.382 as forecast for a temporary reprieve. Further downward incursion remains possible, but lost probability based on recent higher-high print.


David Alcindor
+1 Reply
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