I feel like this is how SPY will act given by the fib levels. I could be way off of course but if SPY keeps going up like my arrows show. we could have a major correction coming in the near future.
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need feedback on this chart if you stumble upon it. is it crazy or complete bullshit or you think there is merit to this. thanks guys
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SwissView
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I agree about first up until first week of may and later down, probably something like a crash.
drshoe
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@SwissView, yea let's see how the market unfolds. i have patience. if it does create a pattern like this then we might have a once in a decade shorting opportunity. Could easily multiply your account and achieve total financial freedom.
i shortet 2000 until 9/11 but i did not short the 9 month before the second Irak war (March 2003). I also shortet 2008 until the Lehman Panic low.
Short is always a good oportunity to make money. We can follow up this idea.
drshoe
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@SwissView, it looks like we are getting close to the top of the range this chart predicts. I think there might be a huge short opportunity coming next year. just need to be patient
AlbCM
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I have a similar structure but with different time and levels. I see the peak either on 7-10 Feb or 3-6 March, 15-20% drop till May, rebound till October and then the final leg down till mid-2018.
I agree about first up until first week of may and later down, probably something like a crash.