FibonacciDiPisa

FibonacciDiPisa Updated  Nov 27, 2020

Final thoughts before the weekend: I feel a correction on the horizon, perhaps the beginning of something bigger. Either way, short term is hard not to think we have to retrace a bit. Based on FIB retrace, RSI, and cypher harmonic formed I saw on my charts and frodo75 confirmed (see linkage). my best guess is in the neighborhood of 3612, give or take. That would...

FibonacciDiPisa Nov 27, 2020

Volatility on rise. Potentially just a head fake, but possible the start of bearish tendencies now that bulls are comfortable.

FibonacciDiPisa Nov 27, 2020

Seems likely we will go into the short-term bearish scenario. We have the full moon coming at the end of the month and seasonality changing, where I would imagine a change of direction to bearish for the next 7 or so days. Once that correction is complete, I imagine we will be right back to upward movement to new ATHs (3700+) as governmental interventions and...

FibonacciDiPisa Updated  Nov 26, 2020

I would expect things to move higher towards 3700; although there will likely be some resistance around the FIB of the drop, hence my exit point. Also, I would anticipate more sideways and slowly bearish movement through end of November and December. The real devastation will come when the virus cases have reached a level where brick and mortar retail cannot be...