SPX - Top is in?
Updated
I am seeing the same topping pattern almost everywhere. Either I have a gone blind on my bias, or a major dump is coming in a theatre near you ;)
The fibs are showing a potential topping signal as we are reaching 0.618 extension and we are at the center of the trendline.
Could be I am imagining everything.
So trade at your own risk. No financial advice given.
The fibs are showing a potential topping signal as we are reaching 0.618 extension and we are at the center of the trendline.
Could be I am imagining everything.
So trade at your own risk. No financial advice given.
Note
An interesting observation to the fibs is that it is also giving us an alternate top, the 1-1 extension at 6100.
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