FX:SPX500   S&P 500 index of US listed shares
276 8 9
except from grinding higher, SPX             is going to find it very difficult to climb significantly higher in the next 5 weeks.
March 6 ... Beginning of the Fall for SP500
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YaKa PRO pcmourao
ok. why march 6 sir?
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Fib Time Extension Date. First Payment of Greeks to IMF...which Greeks will start to fail. March 9th will be next one... The money will end. It will default. 2100 SP500 will not hold. Doom's day all over again.
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pcmourao pcmourao
Oh....and Apex of Triangle breakout. Usually after the breakout, the Apex date is pretty accurate for timing the pullback. All coincide with March 6th. Call it coincidence... But this time, it may be more than a pullback. This 2100 break may have been a head fake... Maybe, this won't be the pullback, but the inversion... Just maybe....
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YaKa PRO pcmourao
Yes.

The upside is limited for sure.

The question is timing: I am wondering how long it stays at the top. Between Monday and the 20th of March.
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If after March 6th - March 10th we still see upside, I will consider myself to be wrong.
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YaKa PRO pcmourao
I dont think we can be that precise on timing a top. Need to keep leeway.
I think there is a local top in the next 3 weeks.
In the next 3 weeks, SPX "can't" go higher than 2140.
Resilience moves can be frustrating as they can trigger pain stops
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Fibo extension 1.161 at 2130, and it works with your trendline Mr Yacine, it could be a good short entree...the trendline drawn on the 2 higher top give a short entree at 2125 zone....
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