SPX in need of correction before reversion to BULL
Diversion going back months on RSI etc
Recent pullback and now Head and Shoulders on FOMC day
Targeting 1.272 - 1.618 fib extension of A leg down in ABC move
Gold currently loosley following a fractal from 2010...
At the current time it suggest a dip down to confirm the breakout from the bowl formed over the end of 2019
So short for some of February, then Long in say March onwards for next MAJOR leg up!
Currently (28/01/20) Targeting the W dip as per the white line and my previous published idea
Fice waves down completed from recent highs, hitting 50% fibo of Major LT move.
Nice bounce with IHS pattern on 15min off of lows and strong retrace begun.
Entered long at 17.30, looking to add on dips.
Like the stock as a long term trade also, which helps confidence.