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candlestickninja

projecting tops is difficult but the weekly is too over bought

Short
S&P 500 Index (SP:SPX)  
candlestickninja  
SP:SPX   S&P 500 Index
Wave Analysis Technical Indicators
17
5
waveanalysis indicator
projecting tops is difficult but the weekly is too over bought, laying fib ratios from the bottom shown and taking it up (my lazy projection method) to the point where other bounces from the past obey the lines puts us right at the 4200 psych level...makes sense, thougths?
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