olajide11

SPX-500 MONTHLY GOLDEN RATIO

FX:SPX500   S&P 500 index of US listed shares
48 0 0
Extension of 671.7 to 1571.9 resistant at 2129.8 of 161.8% Fibonacci extension

Market rise from 671.7 on 02/03/2009 to
2129.8 on 07/31/2015
We move it up for 2312 day with 76 bars

Questions please:
1.Please tell me effect on golden ratio on monthly US SPX-500?
2.If golden ratio work out as expected will you consider it as reversal?
3.Is next month beginning of bearish market?

let's keep our finger cross.

LET OPTION PLAY OUT FIRST
BUYING DEC             1800 PUT AND SELLING DEC             2200 CALL FOR NOW.
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