FX:SPX500   S&P 500 index of US listed shares
343 6 4
Updating the Yellow Shark here - changed the starting point.
GMOTruths
2 years ago
what is the starting point?
Reply
CajunXChange
2 years ago
Draw a fib from 07 high/08low on weekly and you'll see the confluence coming in at 2127ish, right where your extreme d comes in.
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GMOTruths CajunXChange
2 years ago
I don't understand. I know what a weekly chart is. What is draw a fib from 07 high/08 low? What is extreme d?
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KLang PRO CajunXChange
2 years ago
That's interesting - but I much prefer to trade shorter terms charts - I seem to do much better at it :)
+1 Reply
GMOTruths KLang
2 years ago
But KLang, I still do not understand about drawing a fib from 07 high/08 low.

I have another niggling question: Why is it that the last two days, SPY and SPX look so different?
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CajunXChange KLang
2 years ago

{\rtf1\ansi\ansicpg1252
{\fonttbl\f0\fswiss\fcharset0 Helvetica;}
{\colortbl;\red255\green255\blue255;\red62\green64\blue64;\red241\green241\blue241;}
\deftab720
\pard\pardeftab720\partightenfactor0

\f0\fs22 \cf2 \cb3 \expnd0\expndtw0\kerning0
\outl0\strokewidth0 \strokec2 https://www.tradingview.com/i/yaQofNp1/}
Just a thought. Large to small is how I roll;)
1.618 is actually 2120 w/ bc projection already completed. Unorthodox, but my b point in the deep crab is when QE 1 ends.(.786) Of course, x=07 high, a=08 low.
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