I know it ....never call a top.....but many indicators are pointing at the same spot or in the same direction.
BUT I'm neutral to bearish on the SP500.
Some figures:
Fib 1,27 is being hit exactly at 1763
The harmonic pattern has a bearish setup
The Shiff Andrew pitchfork is hit at it's top
The trend lines.
EW A=C (or wave 1=wave 3) in length.1779 is the actual level.
Whether or not it's theeee top or we only will have a bigger correction - remains to be seen. In the EW-terminology we have had 3 waves now. If we are to have a 4th and a 5th...hmmm
....as always..... Time will show!
Safe trading Gents!
BM
Music at work:
www.youtube.com/watch?v=CHw63-yP...
www.youtube.com/watch?v=zDKO6XYX...
BUT I'm neutral to bearish on the SP500.
Some figures:
Fib 1,27 is being hit exactly at 1763
The harmonic pattern has a bearish setup
The Shiff Andrew pitchfork is hit at it's top
The trend lines.
EW A=C (or wave 1=wave 3) in length.1779 is the actual level.
Whether or not it's theeee top or we only will have a bigger correction - remains to be seen. In the EW-terminology we have had 3 waves now. If we are to have a 4th and a 5th...hmmm
....as always..... Time will show!
Safe trading Gents!
BM
Music at work:
www.youtube.com/watch?v=CHw63-yP...
www.youtube.com/watch?v=zDKO6XYX...