FibonacciDiPisa

FibonacciDiPisa

With yesterday's massively unusual up and severe pop in gold prices, today feels like it could be a first day of drop; be cautious with your longs.

FibonacciDiPisa

Let's say we do go to 4K and that is when we finally hit our proper correction. I forced the upper trend line to that when it meets the lower trend line, and if that is the case, it is looking like April will be the more likely candidate. Of course, a lot of sideways between now and then, but this is also plausible seeing what we are now seeing. Further, we would...

FibonacciDiPisa

Trend lines plotted to a crossing point at 30943 which I think may be a top, or at least a turning point for better or worse. This is on February 2nd which I also have ES crossing. This may signify a significant down turn or perhaps more movement up, but a stronger move in direction nonetheless.

FibonacciDiPisa

We may be on the verge of busting even sooner than I thought...see updated chart for potential weak points...

FibonacciDiPisa Updated 

I plotted some trend lines and their associated crossings to show some potential prices and dates of possible tipping points on ES as we run out of steam from the concentric wave 3's upward. I wouldn't say any of these necessarily represent a crash of sorts or a prediction of such, but rather some potential breaking points of the upward movement where we are more...

FibonacciDiPisa

Update planetary dates coming up that could certainly throw us mere humans for a loop. What does it mean for the market? That is anyone's best guess, but certainly everyone should be on high alert. The name of the his upcoming full moon is very interesting: The Wolf Moon on January 28th, 2021 It is thought that January’s full Moon came to be known as the Wolf...

FibonacciDiPisa

The usual dip is expected this morning with a slow inching up to 3800 by Friday. There might be some choppiness and wild swings due to the inauguration, but these three points, I believe, are the one we will hit on our way sideways. Predictions update for the upcoming days are as follows as we run out of steam: 1-20-21 3795 1-21-21 3800 1-22-21 3809 Plateau...

FibonacciDiPisa

To me, ES has 3 options illustrated here. I am thinking it will be the least of the 3 dives before we head upward again, but potential to go to the 61.8 or even touch the bottom trend line like I was anticipating before. Plan on something shooting one way or the other at the usual 5pm PST, and then again at around 9pm PST when I have noticed big moves occur,...

FibonacciDiPisa Updated 

Thinking we get oversold today and head up to 3806 area to then move relatively sideways to hover around 3800. We might break through the upper trend line in a fantastic bull trap only to come back down to sub 3800s in upcoming weeks. Predictions for upcoming days and February are as follows: 1-19-21 3786 1-20-21 3806 1-21-21 3819 1-22-21 3829 End of Feb 3700s

FibonacciDiPisa Updated 

ES seems to be stopped at a 50% retrace, beware of entering long in the short term right now!

FibonacciDiPisa

Did anyone else notice we did not stay true to the pattern that happened twice before? We missed the bottom trend line. This leads me to think we might have to head down to kiss that baby before we really head up again. Either that, or it is a very real sign of a bull trap going back up in such a hurry. Tread lightly.

FibonacciDiPisa

Slight correction on the potential retracement price based on these predictions. Lots of resistance but still enough thrust upward to keep these the most likely scenario. For the week ahead, up to 3800s and flat as a pancake. Flat to down for the weeks to follow. 3700s, then 3600s, and maybe to the 3500s as shown, but not holding out for much below that since the...

FibonacciDiPisa

I drew, on the daily chart, the high and low trend lines based on closing prices. Again, it shows a March 23rd D-Day; therefore, in mid to late March, take EXTREME caution when placing any trades long. If this chart is accurate, I see us capping out just shy of 3900, for what it is worth…retrace potential to 3437 thereafter.

FibonacciDiPisa

I decided to draw out some timelines right before the crash and transposed them to current times. I also drew some trend lines from the bottoms and tops of the closing prices, all of this on a weekly chart. I think, if history does decide to repeat itself, it aligns very much with many that forecast some major issues in March. I also included some of the...

FibonacciDiPisa

Just a quick thought on DOW as I am short on time, cheers!

FibonacciDiPisa

We are just starting to get a taste of whats to come IMO. Using trend lines and where they cross, I plotted some potential tipping points for ES along with timeframes. I would expect we hit at least one or two more ATHs before moving more in a bearish direction. One time lures the bull, second time gets him used to it, and they third time, the bear cuts up the...

FibonacciDiPisa Updated 

Get ready for the noon OPEX booster thrusts. Three points of severe resistance shown as we have clearer signs of getting bearish. Be extra cautious at these marks if you are crazy enough to go long right now. If it weren't for the bailing out, we would be through the basement right now. Have a great weekend ahead.

FibonacciDiPisa Updated 

So it looks like we did the proper correction overnight, well not really proper, but what was expected at least. I am thinking one of two things: 1) either this is held and we shoot up because of OPEX or 2) we head down to that 3730s (or lower potentially to 3718 but not as likely. Either way I would expect the usual OPEX Friday where we head down until about 11am...