Pay attention. Multiple Fibonacci price amplitude arcs are setting up for what could be a massive downside price correction. This could be as big as 15 to 25% or more.
We'll have to see how this sets up - but I believe a large price rotation is setting up and I believe it could be tied to a fresh round of defaults across the globe related to early 2020 debt expectations.
Make sure you seatbelts are fastened and your tray is folded up and put away. I believe we are about to hit some serious turbulence in the markets.
Brad, this is very interesting to reexamine after all of this time since you posted. Today's move nailed the fib arc 6.5 and got rejected. I thought there may be a chance to get there after the SPX broke the 4.618 in July. These last couple of weeks almost look like a repeat of Jan' 20-Feb'20.
BradMatheny
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@apb270, Thank you. I suggest you pay attention to the Monthly chart and the Dark Cloud Cover pattern that has set up over the past 2+ months. The fact that the markets rallied to today's highs, then sold off suggests major resistance near these highs. If the markets continue to sell off further, it will create a major Monthly continuation patter of the DCC (or other) sell-type pattern. The S&P would have to sell off to levels below 3200 for this to happen - but imagine how massive that move would be if it were to happen?
I would love to share more information with you regarding my predictive modeling and other solutions. At this point, I'll continue to let the chart and my analysis do the work of sharing how my research applies to the markets.
Get ready for some huge volatility events. This should only be the beginning of the event.
apb270
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@BradMatheny, Thank you for your reply. Your research is markedly original and certainly on to something. I will follow your other chart, as well; looking forward to more updates should you decide to provide some!
thefrenchrocker
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congratulations Sir , you were right
any update ?
thanks
BradMatheny
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@thefrenchrocker, I should probably post an update soon. I'm happy to let price continue to play out to see how accurate my research really was. Maybe I'll share some more longer term updates soon...
DaddySawbucks
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Agreed. At minimum an ABC correction, if panic starts, could get really rough. I'm long VIX.