Hi Folks, I noticed that ending wedges very often (more than 50% of the time) complete their 3-5 section at approx. 0.618 of the time it took them to complete the 1-3 section. The Fib-Time tool is great to spot these things. For the ending wedge in TLT this gives us a target of May 25th for its wave 5 which should mean we are about to see a very significant low in SPX at the same time.
Will the market have time to crash by 20-25% by end of May? I have no idea, but I am very much looking forward to finding this out.
Nice TA buddy. Lets go for the 3rd crash in a year :P
fb1807
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There is no crash Yellen will come out and comment how good the economy is and that we have 0.5% growth rate maker will rally to all tim high and beyond 2235
AndyM
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P.S. I'll be watching Treasuries performance to determine the exit point: sell-offs often end very abruptly, so it's a good idea to use treasuries as a metric of crowd mood.