cmharkey

S&P500 Fib Extension to 2123 Area Before Correction Down

FX:SPX500   S&P 500 Index
None of the indicators show absolutely that we are in correction just yet (monthly and weekly view).
On the daily in previous post I've noted where we've been and why we'll bounce up again.

This chart shows the Fib Extension has not yet hit 1.618.
Pair that will indicators not clearly showing correction and you can see how a weak climb recovery currently in progress will lead to a weakened momentum. If this occurs we will clearly be able to see that we're at the top and would thus begin the downward decent.

Speculation of course.
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