• 851 days Will The ECB Continue To Hike Rates?
  • 851 days Forbes: Aramco Remains Largest Company In The Middle East
  • 853 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,253 days Could Crypto Overtake Traditional Investment?
  • 1,258 days Americans Still Quitting Jobs At Record Pace
  • 1,260 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,263 days Is The Dollar Too Strong?
  • 1,263 days Big Tech Disappoints Investors on Earnings Calls
  • 1,264 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,266 days China Is Quietly Trying To Distance Itself From Russia
  • 1,266 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,270 days Crypto Investors Won Big In 2021
  • 1,270 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,271 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,273 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,274 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,277 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,278 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,278 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,280 days Are NFTs About To Take Over Gaming?
  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