Simple chart...read and follow arrows and guess for yourself.. If it follows my SPX Gann Box chart...she will head toward that line before working to the next sequence.
Interesting idea...every time it cracks the gray, it runs to the orange .25 Gann retrace and then pulls back 50 or so % But what if it has failed at the grey line this time...and cant scream higher to 16k like past times... Well if we apply about 50% down to the gray line...you arrive at 2k on the S&P 500, some 4k down.. Or..OR..maybe you only get to the 7k...
Simple and self explanatory view of the speed fan Fib that is both useful for seeing Log and non-Log levels for upside...but way more likely downside.
The following is a few examples of why things aren't looking good for the SPX and why it could be on its way to lower levels... First the looking back of back testing this 1877 line. further... further... further... furthering...(White line removed and replaced with Grey...so not confuse on next picture) still furthering...(Top White line is not...
That green arrow was the last time I posted...seems the lines are doing quite well
The Lines are Fib Channels that are from the 70's, so you know they are good, and the volume is from the timespan of ~2009 to present...Check the darker colorations compared to the fib channels to see volume agree or lacking in certain channels
Interesting CRYPTOCAP:BTC channel dissection for future trades if you decide.... How they are found is one thing...how well they show support/resistance is more important.
1877 to 1932 bottoms connected fib channel... interesting levels for retraces.
Simple channel with internal lines based on prime numbers and fib numbers...see the correlation and support/resistance thresholds :)
Same as the last post/idea I did but now its based on extended hours...Lines shift a bit and new trades become more clear. So, be careful cause if you suddenly hear a roaring meow come up...be ready to dodge, dip, duck, and get the .... out..
Just a little rainbow magic on the screen...more so to prove points of big candles following big gaps...
Microsoft has some interesting Fib Channel levels going back to the 90s...Those pure vertical trends turned into flatness in the 2020's..shows you how parabolic it went
Microsoft has some interesting Fib Channel levels going back to the 90s...Those pure vertical trends turned into flatness in the 2020's..shows you how parabolic it went Next post is todays action...notice line angles between 90s and now.
With the whole chart showing overly bought metrics, each leg higher has people who got burned higher above...so watch selling pressures
Only spent 5 min on this...but here is the level breakdown of todays move when seen on a more large scale of Fib Channels
Only spent 5 min on this...but here is the level breakdown of todays move and ones ahead... NYSE:NVO , try to reduce bone density loss and 1.5x weight regain next time---or don't produce something that involves the patient just refraining from sugar...That too. long term trendline for price action in next post
That Blue line is very powerful seeing how it wants to keep revisiting it. The new top line for max current dip-buying is through the grey line that has held pretty tight... Again..lots of air gap where it is now, not too many bids there..
Left is with Log enabled and the right is Without Log.... due diligence and realize sometimes levels are just doodles..