SP500 - KEY - 7Months Cycles

FX:SPX500   S&P 500 Index
2038 16 29
There s a correction pending in the next few weeks that could lead to 1970 but the cyclicality induced by this charts hints that the end of this "leg" from Oct14 could last 7 months and end around the 15th of May15.

15 - 05 - 15 around 2100/2140 would be a great area to short for 10% down.

Note the previous 2 rallies were around 7 months and climbed 19 and 16 pct...

17% here would be 2130.
i think correction middle of june or july have to come to 10 or 15 procent i think after i see you charts ,
GIven that each successive rally is less than the prv one I wud think the current rally wont go beyond 16.3% which is where we ended this Qtr
YaKa Sachinsyd
Possible but the waves are not of the same degree and Oct14 correction was a recent that re-injects energy again so bit more is possible I think. I would not count too much on that but I dont think it would go much higher because it would probably have done so before.
The psychology behind my thought was that after each advance the investors take chip off the table and are hesitant to load up with same vigor on declines and that is perhaps showing up on the chart
YaKa Sachinsyd
Maybe but it is a bit random between 16 and 20 even there is the risk the assumption is entirely wrong too...
Well the Fibonacci Circle is very interesting as it gives the levels a curve in time according to how you interpret the impulse. If you look at the break points you will see that they coincide with the curve of the circle. The trick is to identify the central point of the impulse which in the best case scenario is symmetric about a central point as in this eurusd example
PEZQ, This is some really brilliant stuff. Is there good material you've discovered that is available on how to implement this? http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_arcs this is usually a good source I find.

So, in your first image is the interpretation that about May 15th we'll probably be somewhere abouts 2130's and that 'something will happen'. Are you actually able to glimpse what direction things will go? In your other image it looks like down is predominant, is there a reason for that hidden in the circles.

Thanks for sharing this!
pezq ghettocounselor
Yes ghetto that's exactly the point. Fibonacci describes not only vertical levels but also time scales so you can actually see into the future believe it or not. It takes some practice to get it right because if you dont you can be led the wrong way, but generally if you are careful you can get a pretty good idea of whats going on. I have been doing this a long time now and its pretty consistent. Take a look at this chart I published way back in October on EURUSD. I think you would agree its pretty accurate and although I took off the Fibonacci Circles before publishing it the whole thing was underpinned by them
pezq pezq
By the way the vertical time lines particularly the big black one we are now passing was drawn for a good reason. A coincidence of fibonacci circles as I recall
this is not stock trading. this is art. LOL.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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