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S&P 500 Index
Long

1.6 FIB Ceiling - Stock market correction soon in NOV/DEC.

181
You can apply 1.6 FIB to FAANG or QQQ for high probability ceilings. VIX "structure" (pattern) or setup also indicates it. Stocks forming a sharp "wedge drop", extension from 50dma.

Bullish near term (probably?), correction in NOV/DEC.

I wonder if the first 5 (monthly) trading days in NOV are not volatile AF. 😂
Note
It's game theory. 👍
citsvar
fibonnaccifibretracementSPX (S&P 500 Index)S&P 500 (SPX500)spx500analysisspx500forecastspx500longUS SPX 500TOPTrend Analysis

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fibonnaccifibretracementSPX (S&P 500 Index)S&P 500 (SPX500)spx500analysisspx500forecastspx500longUS SPX 500TOPTrend Analysis
citsvar

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.