JimFred
Long

S&P making a spike top over the 6 months ahead

AMEX:SPY   SPDR S&P 500 ETF
132 4 2
I see the S&P             ETF going up another 10% in the next 6 months, despite all logic saying that is impossible.
There is a time fibo accordion in place, whereby the monthly chart is showing that 144 bars, 89, 55, and 34 bars are each landing on the same time zone, early in 2015, when anchored to significant highs and lows of the past.

A combination of pitch fan and price accordion suggest that time will hit resistance ~ 221, ~ 2/2015.

Reports say that Soros is taking huge short positions NOW. If I am correct, unless those are very long term puts he is buying, he may be about to lose his shirt...
#SPX - #TOP - #TOP -#TOP - 2100 - 2200 - #DECEMBER  - 2014
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JimFred PRO
2 years ago
The monthly chart is, so far, continuing as expected. But the monthly chart is obviously a VERY poor timing tool. The weekly chart is suggesting a top at the end of the year. Perhaps what this means is that the high will be in at the end of the year, and the next 2 months will be choppy, with the bottom falling out two months later... We will see....
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JimFred PRO
2 years ago
UPDATE: I have recently become convinced that any upside left in this market is not worth the huge risk to the downside. It is entirely conceivable that the turn date of Feb/March 2015 I have forecast is actually the time frame of the start of a wave 3 drop. If so, the next few weeks could easily see the start of the downturn, a more sedate wave 1 down. I suggest closing long positions immediately.
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jangseohee
2 years ago
Soros is Hedge Fund investor, hence i have conviction that he bought a LEAP year puts which expiry around 2017-2018 which is coincide with another 10 years crash cycle :-)
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