I wanted to look at the S&P 500 , DOW-30, and QQQ to study Fibonacci time cycles and also to see of there were any signals.
I found versions of cyber patterns on all three, only, if SH is , the market would be in a sell-off.
At Fib Start there was an impulse leg low. At Fib 1 there was a phase energy reversal.
Fib time cycle 2 was an impulse leg top and a major "C" to "D" reversal.
Fibonacci time cycle 3 is the cyber completion of a formation, and look at the phase energy bars (top).
The phase energy has been building to a positive zero-line cross over (long red arrow). This would most likely mean a market decline.
Now, please move on to part 2, an analysis of the DOW-30.
May all of your trades go well. Don.