• 718 days Will The ECB Continue To Hike Rates?
  • 718 days Forbes: Aramco Remains Largest Company In The Middle East
  • 720 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,120 days Could Crypto Overtake Traditional Investment?
  • 1,125 days Americans Still Quitting Jobs At Record Pace
  • 1,127 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,130 days Is The Dollar Too Strong?
  • 1,130 days Big Tech Disappoints Investors on Earnings Calls
  • 1,131 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,133 days China Is Quietly Trying To Distance Itself From Russia
  • 1,133 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,137 days Crypto Investors Won Big In 2021
  • 1,137 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,138 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,140 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,141 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,144 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,145 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,145 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,147 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Major HLH Fibonacci Extension Into SPX 2011

HLH Fibonacci extensions can be powerful enough by themselves to mark a turn. Several good "standard" Fibonacci highs have been exceeded in this (maybe) topping process as market forces take it to the limit one more time in Price, Time, and Sentiment. This one may be more potent given the 9/3-9/4 window and tape "tells".

(No one is talking about the 1929 analogue just yet.)

Now to the Phi:

The 4/2/12 high at 1422 was of clearly visible importance, as can be seen on the chart, and it has anchored other turns. 10/9/13 has stood out as a crucial inflection point in e-wave and day-counting. Its low was 1647.

SPX 1422 -> SPX 1647 = 225

225 X 1.618 = 364

SPX 1647 + 364 = SPX 2011

SPX Daily Chart

 

Back to homepage

Leave a comment

Leave a comment