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samitrading
Feb 4, 2021 11:26 AM

SPX's Fib's Time Zones, no clear picture, or I'm just wrong !!!  

SP:SPX1M
S&P 500SP

Description

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Monthly since 2009

Comment

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Nothing happen in February even when both top to bottom and bottom to top agree

on the same month !!! Next is May and June, we shall see.
Trend AnalysisfibsSPX (S&P 500 Index)sp500indextimezone
Comments
vychod
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do you think February it is time to bottom!
samitrading
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@vychod, Hey vychod, hard to tell Fibs time zones are not clear, no clear signal or cluster of line. Elliott wave is

suggesting a pullback/correction is close by when and where is the Million dollar question. February is one of the

worst month of the year in seasonality i think just after September. so if we are correcting we should correct this

month. Or, 1400 checks will make this market even harder to analyze ;-). I will include two charts favorering an

overdue correction.

wish you all the best.

vychod
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@samitrading, thank you for analyse
samitrading
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@vychod, any time bud.
samitrading
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@vychod,
samitrading
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@vychod, This is my favorite count, bear in mind that there is counts out there that are favoring a 3ed wave that will take us to 5800 before any correction !!!

kishnara
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@samitrading, Forget technicals. Trillions of dollars are waiting on the sidelines to get into equity once S&P corrects 10%. S&P 6000 is not a too bad projection.
samitrading
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@kishnara, LoL, I could not agree with you more buddy. Also, Do not forget the 1400 checks that are coming soon. This market

is getting harder to analyze, just insane.

wish you the best Kishnara
kishnara
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@samitrading, Don't analyze. Both Fed and Treasury , will do anything to get to 3% unemployment. What do you think, the market will do? Wait for 3% unemployment before it goes higher?
samitrading
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@kishnara, LoL, 1400 checks incoming soon ;-)
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