littleriver

SPX GANN FAN STUDY

INDEX:SPX   S&P 500 Index
366 18 0
This chart is looking for a potential top in SPX             using fan angles from cloned upward projecting fans. The reference fan for all angles is the upward projecting fan on bottom left. My thoughts are where these lines are concentrated there is resistance until crossed at which time they become support. SPX             is currently sitting just below a concentration of dark blue lines while the light blue lines are acting as support. If we make another run and cross the dark blue lines, next target is the concentration of red lines with a target around 1740.
Broke through multiple light blue bands of support today. Can't be good.
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Using Gann Fann's correct?
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QuantitativeExhaustion QuantitativeExhaustion
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Moving the Gann
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QuantitativeExhaustion QuantitativeExhaustion
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Another example with September Date
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motleifaul QuantitativeExhaustion
I also use Gann fanns and I believe in their sense even if they are more difficult to interprete than other formations that seem to be clearer. In your case I think you should start the Gann earlier in June and then you see it clerer that there is another gap to be filled at 153.22. And with this fann you date it in early September. Your bottom then appears in early October.
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QuantitativeExhaustion QuantitativeExhaustion
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SPY bottom September?
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QuantitativeExhaustion QuantitativeExhaustion
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last one
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littleriver QuantitativeExhaustion
I think you make the point well. With no firm rules to follow it is hard to use Gann.
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I'm asking is this a possibility ? I'd like to time a market bottom end of Sept/early October
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littleriver QuantitativeExhaustion
I see. It is a hard one to answer :-) .
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So does Gann have any value to TA? ... I see a few authors mention Gann, Pring has a chapter on Gann and Fib Fans in his book Technical Analysis Explained.
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littleriver QuantitativeExhaustion
I believe it does.
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Have you done any research from others who have used Gann Fans successfully.
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littleriver QuantitativeExhaustion
Just one.
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myselfbtc QuantitativeExhaustion
https://twitter.com/KKerrFX follow the work he does
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littleriver myselfbtc
Thank you for sharing the link. His charts look as crazy as some of mine with lines everywhere. I am not alone in my obsession. :-)
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Adjusting to see Gann Timing Signals
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@gann things there is a tool named gannzilla
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