Tango_Trading

1 PART Is the market manipulated? Are we near a recession?

TVC:SPX   S&P 500 Index
If this forecast were to be realized, it will mean that the markets are manipulated and the news is a tool to justify the recessions.

1) Tracing the fibonacci from the 1000 target to the 100 target, the first area to show fibonacci is area 1556 where in 2000 and 2007 it was used as a resistance. The reason why I traced this fibonacci to 1000 and 100 is because they are two areas that S & P500 has been around for years for those prices. Fibonacci shows after area 2456 where in October 2018 the price used it as support. Fibonacci detects a third target at 3356, keep it in mind because now I'll show other coincidences that adding them together with all the others won't seem more than just coincidences.

2) let's talk about the two fibonacci. That the first was traced to 1556 up to 1000 and if we look at the first level it was used as support from the first lateralization. Instead in the second fibonacci there was a retracement at 1900 until 1556 and the first level shows the resistance of the first lateralization.


3) Let's look at the yellow rectangles. As we can see in each yellow rectangle there is a lateralization that lasts a minimum of one year. When the S&P 500 lateralizes for the third time, the market starts to fall by 48% or 56% strange, isn't it? Now we are in the second lateralization. If fibonacci, lines and the ABCD pattern are right it means the area 3356. It will be the area that will form the third market lateralization, for a minimum of one year and then go into recession.

4) On the chart I have drawn a long line, from the beginning of the climb to the maximum of the year 2000. After I have duplicated that line positioning it on the support 787. As we can notice the line ends under the shadows of the candles of the first lateralization. The third lo placed on the support 1895 the line ends near the maximums of the second lateralization. the last line moves it to the support of the second lateralization and ends near the area where the third area 3356 is to be realized.


If you are interested in seeing the second part, come to my page.
If you have any doubts, write it to me in the comments section.

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