- After doing a macro analysis of the SPX, where we observed its ascent started right after the "SUBPRIME CRASH" in the distant year of 2009, we saw that it behaved "rationally", following a whole "FIBONÁTICA" chronology, respecting FIBO's targets , as well as their respective support points.
- Now to finish this analysis, let's use two smaller graph times, the medium (weekly) and short term (daily) to try to find the possible arrival point of SPX.
- By plotting the "pivot" of the weekly high, we saw that its arrival point is at 4,486 pts., that is, 1,618 from FIBO, so we can deduce from the weekly chart that the steep rise of the SPX may be starting to lose strength, which denotes a great possibility of correction somewhat "sharp", for this reason, I ask attention to this point.
- In the diary we found one more coincidence; if we plot a bullish pivot on the daily, we see their prices, oddly enough, as their final destination the same 4,486 pts., which by implication is 1,618 for FIBO and the bullish pivot plotted on the daily chart.
- So, with so many "fibonatical" coincidences, as well as the news that is around, such as: production in China falling, approval, but that the US infrastructure package is not moving forward, the lack of inputs, etc., we can even believe that the SPX's historical top is 4486 pts.
- Make your analysis and good business!
- Be aware, If Buy, Use Stop!
- Now to finish this analysis, let's use two smaller graph times, the medium (weekly) and short term (daily) to try to find the possible arrival point of SPX.
- By plotting the "pivot" of the weekly high, we saw that its arrival point is at 4,486 pts., that is, 1,618 from FIBO, so we can deduce from the weekly chart that the steep rise of the SPX may be starting to lose strength, which denotes a great possibility of correction somewhat "sharp", for this reason, I ask attention to this point.
- In the diary we found one more coincidence; if we plot a bullish pivot on the daily, we see their prices, oddly enough, as their final destination the same 4,486 pts., which by implication is 1,618 for FIBO and the bullish pivot plotted on the daily chart.
- So, with so many "fibonatical" coincidences, as well as the news that is around, such as: production in China falling, approval, but that the US infrastructure package is not moving forward, the lack of inputs, etc., we can even believe that the SPX's historical top is 4486 pts.
- Make your analysis and good business!
- Be aware, If Buy, Use Stop!
