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Longtermanalysis

SP500 at end of growth? huge collapse to come? Long term vision When I fit the chart in the Fibonacci sequence, I conclude that it exactly fits in the sequence as how I show it here and as how my experience has learned me that charts behave concerning the Fibonacci sequence. - The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6% - Than the price went further to 1200 points between 1996 and 2012 = Fibonacci 78,6% to 61,8% - The growth continues further to 1600 points between 2012 and 2013 = Fibonacci 61,8% to 50% - The growth continues further to 1900 points between 2013 and 2014 = Fibonacci 50% to 38,2% - The growth continues further to 2300 points between 2014 and 2017 = Fibonacci 38,2% to 23,6% - And the price broke 23,6% so it will continue rising till the sequence has ended!! and that is 3000 points! > What will happen when 3000 points is reached? There are two options: 1: The price keeps on rising. Than potential = 4800 points ! 2: The price collabs and retraces. Than potential = to fall back to 2300 / 1900 / 1600 / 1200 / 700 TARGET 1 NOW: 3000 points and take profit. So, short- term is LONG! THAN WAIT THAN MAKE A NEW PLAN: LONG OR SHORT for the long- term Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:SPX500
by Rich_Exclusive_Trading
How deep are we going? I think deeper than many expect...I have now been thinking since the 12th that a retest of that Marabozu was needed before we could move higher. I did not expect to go as high, and I am highly suspicious of the neck-breaking pace of sentiment change in the space. Too many loudly bullish peeps out there for my liking, and this is an indicator as good as any other so I keep thinking this could turn into a lower low if the bears have it, and judging by the low volumes there are a lot of people waiting or hodling. I noticed today that the daily RSI has once more dropped below 60 which was a level we had failed to pierce since the 20th of Dec until this latest rise. This might signal a continuation of the downtrend. The red area is the potential neckline of a H&S that would provide some symmetry and the outcome of that could result in either a retrace to the 0.5 fib of the recent leg up from the lows or a bounce back above $10k. However, if we break down below that with force, we could continue to the pink box which would go some way to retracing that Marabuzo clearing the 0.236 fib and touching the long-term trendline in place since Jul 2017 on a linear scale. This would provide us with a stronger platform to punch through the $10k barrier. I am acutely aware of the parallels with the past and this scenario would provide an amazing launching pad to repea the 2013/14 pattern so we can head for higher highs before retracing all the way to the bottom trend line again. The bearish case here is that we are retracing to the low trendline before we can reach ATHs again which is potentially $4,500.
by OlayaR