SPX has reached its weekly fib extension, looking for either a retracement or a downward move. As seen in the charts, SPX has been creating an ABC move each time. Expect an evening star on the weekly.
Look for a break below the 200 day ema on a high volume day. If there is a clear break with high volume, DIsney will drop to 0.782 of the Fibonacci.
Spotted a head and shoulders on Dow Jones, lets see how it plays out.
TP 1418, by measuring the head from the neckline, i get 67 dollars down and 67 dollars below the neckline is 1418. But of course there is a support at 1450 and other places, so it has to break those first.