This is my perception of SPY and where it may be headed. i have made only minor adjustments to the predictions of previous posts, to account for the elasticity of the harmonic patterns.
There is a clue on the smaller time frames that fit really nicely with this prediction.. I'll zoom in on that and post a screen shot momentarily.
In the mean time... can some one help me interpret this Cypher pattern?!?!? It sure looks nice, but i have questions: - Is this a fit? - How should it look to be a prefect fit? - Shouldn't the legs of it be certain fib numbers? - How do we interpret those discrepancies and the impact they may have. - Can this cypher be used to more accurately predict point D ? - Can this be used to forecast how far down we correct? 0.5 or 0.618 are likely targets... - What are the chances and factors for it to go all the way to 1.0 fib, and test the bottom of the pink megaphone pattern?
After staring at this long enough for the playing field to pop into 3D, the mark at the center of this pattern seems to be absolutely monumental. This was where the pivot happened, and now we are just blowing off steam before the smack down.
December 7th, 1942 and December 7th, 2020. Not drawing any correlation to the two, but boy do I hate coincidences.
PeterN123
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For that to happen, you need a tremendous amount of fear to be able to do that.
One-World
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@peterngo91, true, I can hardly think of any reasons...
PeterN123
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@piscitear, Wait, so you think we will have another once in 50 years crash like March 2020? You know the difference in uncertainty when you compare to March right?
One-World
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@peterngo91, of course not another crash... the uncertainty is that the market could surprise everyone at the greatest complacency. GL :)
DHLawrence
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Here is a closer look at the top of the march crash overlayed on this top pattern... a decent fit... and I have only made minor adjustments to tweak its fit to the most recent data over the last week.
ScalpNow
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@DHLawrence, get this spiderman web pattern looking garbage outa here.