S&P500 - Could it top in 2014?

SP:SPX   S&P 500 Index
722 0 2
Using a gann fan and gann square the market is indication a possible top mid 2014. Points I used are 1987 high and July 1994 open, since it was the lowest open in a consolidation period before the bull market that lead to the dot-com bubble. From these two points the 2000 and 2007 tops were identified. It looks like coming into 2014 price is entering an area where price could find trend changing resistance that unfolds into a huge correction possibly ending 2015/16 then off to a new bull market.

If price tops like 2000 or 2007 then price could meet resistance go sideways for six months and on the seventh month start a major correction. I believe the 1/4 or 3x1 could act as this resistance.

I believe the SPX             is a long until price gets up to resistance as identified on chart. When I see price get up there and price goes sideways for more than one month, it would be a big sign price is in a topping zone where it's time to get the hell out of longs.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out