Tigga
No thoughts as you have sumed that up exactly.
I did see one trader on TV talking about SPX 1065 which was a rally high back in October. If the 2:1 ratio which we have been near lately squares out then I guess that would be next Monday or Tuesday. About 200 days up and 400 pts. That is equinox and XJO 1987 anniversary top, new moon, start of Jewish holidays (normally bearish) etc.
I did notice this Fib set up on a CMC Aussie 200 chart.
The grid fits to a reasonable degree and what adds a bit of interest is that the target or 4664 is exactly a 50% gain on the lows.
3109 x 1.5 = 4663.5
One day one of these cals will work, lol.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |