fxtrader66
Long

SPX is indicating it could head higher.

INDEX:SPX   S&P 500 Index
168 1 2
SPX             could rally higher if it stays with the fib time series and lucas series its been following. They are both pointing to an inflection point in the first week of november. The extension levels are areas where price could find resistance along with the gann fan 1/4 (red), Support at 1646 2/1 (pink) gann fann and 50% fib, Last week the spx             was supported by the 1/2 (green) gann fan. This leads me to believe the 1/4 will act as resistance along with extensions.

Fib time / Lucas series have shown where inflection point in the market can be. This is leading me to believe we could see the spx             have an inflection point the first week of november where the spx             makes a top then pullsback.


alex.a
3 years ago
Mr. Puerto - May I ask where you learned abou Lucas series. Web link? Thanks in advance -
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