Using experimental technique dubbed Magic 72 Static screenshot:
This weekly chart of the S&P500 shows that another BIG wave down is coming soon. We could go to around 1775 last week of April - first week of May then a dead cat bounce to around 1652 in mid June. Static screenshot below:
This chart is based on an experimental technique that I've been researching on recently. As you can see, once you are synchronized with the market time cycle you can seek for 72 degree angles for uptrends (blue lines) and 108 degrees for downtrends (red lines). The market seems to continue his upward move until it hits a 108 degree angle where it react to. Why is...
According to time cycles and other indicators pointing to an overbought condition on the S&P this suggest to me that we have very good chances that it will go downward for the next 2 weeks. Last Friday was a good time to buy puts..
Possible path if the line is held.. It looks like the chart has been stretched a little bit when I published,,, maybe a bug.. I don't know
Seeking to buy puts when the S&P will hit 1997 - 2000 price range. As you can see the stochastic is at retarded levels..
Maybe a bull run until May 2016 23rd is in the cards,, Who's playing this ? :)
Perphaps it is the last time to add some puts tomorrow before next week.. or not time will tell. Another chart I made pointing at the same pivot point: imagizer.imageshack.us
Above is a daily chart of the S&P since the beginning of its apogee phase. Still short the S&P for next few days. Based on Fib time zones analysis and the current trend pattern we may hit 1863 on Monday then rebound or a more violent move down to 1803 on Monday (Feb 29) then a rebound. Two Fib time zone patterns starting from the same low date of Oct 15 2014...
Above is the S&P500 weekly chart from 2007 highs to today. The last week of April 2016 will be interesting to watch. Big support @ 1572 in May 2016 maybe in the cards. Grab the popcorn guys, interesting times indeed..