Rich_Exclusive_Trading

SP500 at end of growth? huge collapse to come? Long term vision

FX:SPX500   S&P 500 Index
When I fit the chart in the Fibonacci sequence, I conclude that it exactly fits in the sequence as how I show it here and as how my experience has learned me that charts behave concerning the Fibonacci sequence.

- The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6%
- Than the price went further to 1200 points between 1996 and 2012 = Fibonacci 78,6% to 61,8%
- The growth continues further to 1600 points between 2012 and 2013 = Fibonacci 61,8% to 50%
- The growth continues further to 1900 points between 2013 and 2014 = Fibonacci 50% to 38,2%
- The growth continues further to 2300 points between 2014 and 2017 = Fibonacci 38,2% to 23,6%
- And the price broke 23,6% so it will continue rising till the sequence has ended!! and that is 3000 points!

> What will happen when 3000 points is reached? There are two options:
1: The price keeps on rising. Than potential = 4800 points !
2: The price collabs and retraces. Than potential = to fall back to 2300 / 1900 / 1600 / 1200 / 700

TARGET 1 NOW: 3000 points and take profit. So, short- term is LONG!
THAN WAIT
THAN MAKE A NEW PLAN: LONG OR SHORT for the long- term


Thank you for following and Succes with trading !

Richard from Rich.Exclusive.Trading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.