What if SP500 tops at the fibo extension (4100) from 2016 to 2020, which is in confluence with the upper trend line and from there it sinks to 1500? 1500 is the fibo extension from low to high 2020-2021 supposing it will top at 4100.
Fibo extension 1.61 is exactly the the top of 2008. Do you think that will happen or the market will ignore the financial crisis and continue going up?
Excuse my poor english :)
Fibo extension 1.61 is exactly the the top of 2008. Do you think that will happen or the market will ignore the financial crisis and continue going up?
Excuse my poor english :)