geometricThinking

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

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
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...

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.