With everyone on here posting about the rising wedge, going into the 0.618 fib, death cross, etc. I thought I'd try posting something different. This post is not intended to be investment advice. This is just what I found and now watching.
Boom. Perfect Symmetry Setup.
On the left, 2-Day chart taking the range of 2018 lows to the July 26, 2019 "Trade War High" and projecting the symmetric move onto our March lows of 2174.00 (Blue).
On the right, taking the trend-base fib extension from our March lows to our March 31 swing highs and projecting the move onto our higher low of 2424.75 (Pink).
What do we get? Boom the 1.0 projection at 2886.50 & 2886.75. One. Tick. Apart.
Our highs during last nights trade just barely touched this range coming in at 2885.00.
Furthermore, with the confluence of perfected TD 9 sells on both the 1 and 2 day chart we expect some more consolidation or a reversal to the downside.
And for sh*ts and gigs, I ran a Fib Time Zone from the each of the two low to high measurements on the daily to get clustering of the 2.272 and 3.618 fibs on 4/23/2020. There will be 150 earnings reported on that Thursday including $LLY, $INTC, $UNP, and $TMUS. Coincidence? Probably, but its there so I'm going to keep an eye on it.
Anyways, feedback is always appreciated. Best of luck everyone.
Boom. Perfect Symmetry Setup.
On the left, 2-Day chart taking the range of 2018 lows to the July 26, 2019 "Trade War High" and projecting the symmetric move onto our March lows of 2174.00 (Blue).
On the right, taking the trend-base fib extension from our March lows to our March 31 swing highs and projecting the move onto our higher low of 2424.75 (Pink).
What do we get? Boom the 1.0 projection at 2886.50 & 2886.75. One. Tick. Apart.
Our highs during last nights trade just barely touched this range coming in at 2885.00.
Furthermore, with the confluence of perfected TD 9 sells on both the 1 and 2 day chart we expect some more consolidation or a reversal to the downside.
And for sh*ts and gigs, I ran a Fib Time Zone from the each of the two low to high measurements on the daily to get clustering of the 2.272 and 3.618 fibs on 4/23/2020. There will be 150 earnings reported on that Thursday including $LLY, $INTC, $UNP, and $TMUS. Coincidence? Probably, but its there so I'm going to keep an eye on it.
Anyways, feedback is always appreciated. Best of luck everyone.