I know it is a lot to look at, but “bear” with me.
I drew some trend lines to see their convergences, and then put the dates and prices of those convergences to create a sort of bear map, if you will.
I would use these as potential pivot points and price magnets as we go through this bearish time of correction, hope it helps you.
Overall, I still think we have about 1 week to D-Day so the shorts can be cleared out as the FED's arsenal dwindles. After that, a very bearish and fatalistic outlook.
Something I found interesting...the price of the DOW before the 1929 crash: 381.17--I know, I know, it is the DOW not the S&P, but I thought that was pretty funny.
=FIB
I drew some trend lines to see their convergences, and then put the dates and prices of those convergences to create a sort of bear map, if you will.
I would use these as potential pivot points and price magnets as we go through this bearish time of correction, hope it helps you.
Overall, I still think we have about 1 week to D-Day so the shorts can be cleared out as the FED's arsenal dwindles. After that, a very bearish and fatalistic outlook.
Something I found interesting...the price of the DOW before the 1929 crash: 381.17--I know, I know, it is the DOW not the S&P, but I thought that was pretty funny.
=FIB
The prediction is in...
= FIB
= FIB