barrycharts

Fib don't lie. Summer 2021 correction incoming.

AMEX:SPY   SPDR S&P 500 ETF TRUST
Long until June, short afterwards. White lines are fibs, with 0 and 1 being 8 months apart. This works best on the monthly chart. The orange is there to demonstrate fibs fractal nature. Each fib either lands directly on a red candle, or has a red candle immediately after it. But most of the time, it lands on a red candle. I would also like to say that I'm just using this as further evidence behind the popular sentiment of a summer correction. We all know it's almost about time, but I just thought this was cool to point out anyway. Also, this works everywhere else on the chart. I will publish more charts as proof.

Comments

I think you mean bear market. Coming by august
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@CJS04, That's about when I thought we'd hit a top too, but I don't wanna be that guy always calling it lol.
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I had it pegged between now and May 15. 16-25% pullback.
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barrycharts SLOPolarBear
@SLOPolarBear, I was looking at it on smaller timeframes and found the same thing. Lil early-mid May pullback and then zoom until June.
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barrycharts barrycharts
@barrycharts, ***September I meant
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DanBOT SLOPolarBear
@SLOPolarBear, FUNNY how this works, same. Very astute.
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