littleriver

SPX GANN FAN STUDY

INDEX:SPX   S&P 500 Index
362 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.
littleriver
3 years ago
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 PRO QuantitativeExhaustion
3 years ago
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Moving the Gann
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
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Another example with September Date
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motleifaul QuantitativeExhaustion
3 years ago
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 PRO QuantitativeExhaustion
3 years ago
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SPY bottom September?
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
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last one
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littleriver QuantitativeExhaustion
3 years ago
I think you make the point well. With no firm rules to follow it is hard to use Gann.
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QuantitativeExhaustion PRO littleriver
3 years ago
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
3 years ago
I see. It is a hard one to answer :-) .
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QuantitativeExhaustion PRO littleriver
3 years ago
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
3 years ago
I believe it does.
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QuantitativeExhaustion PRO littleriver
3 years ago
Have you done any research from others who have used Gann Fans successfully.
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littleriver QuantitativeExhaustion
3 years ago
Just one.
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myselfbtc QuantitativeExhaustion
3 years ago
https://twitter.com/KKerrFX follow the work he does
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littleriver myselfbtc
3 years ago
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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myselfbtc
3 years ago
@gann things there is a tool named gannzilla
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