markrivest

September 7, 2016 Could Be an Important SPX Secondary Peak

SP:SPX   S&P 500 Index
92 1 2
My first post on Fibonacci time cycles illustrated that a Fibonacci 144 trading days added to the SPX             1/20/16
bottom targeted the 8/15/16 peak. Adding 144 trading days to the marginally lower 2/11/16 bottom targets 9/7/16 as a possible turn date. Adding a Fibonacci 3 trading days to the last Fibonacci cycle day of 9/1/16 also targets 9/7/16.

On 9/6/16 the NASDAQ made a new 2016 high unconfirmed by the SPX             and DJIA             which if holds is a very bearish signal.
A break below SPX             9/1/16 bottom at 2157.09 could be very bearish , opening the door to reach SPX             2120 - 2100 zone in one week.
Watch open of 9/7/16 for a possible SPX             peak in 2187-2188 area.
Mark

If the second peak is lower than 2193.81 (8/15), it could be potential start point of descending B Wave.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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