Monday, September 7, 2020

Traders Dreams Come True - Big Technical Price Swings Pending on the SP500

Research Highlights....

* A potentially critical price inflection point and technical
   pattern setup that has nearly completed and validated over
   the past few days, weeks, and months.

* Potential flag/pennant formation on our Custom Valuations
   Index Weekly Chart shows a possible 11% to 16% 9 or  
   more) downside price correction in SPY.

* Fibonacci Price Modeling system’s projects SPY downside
   target level near $284.50 before a bounce.

Over the past few weeks and months, my team and I have published a series of research articles suggesting the continued market melt up was driven by speculation and the U.S. Fed’s policies and support for the markets. We’ve also highlighted a number of technical patterns that have setup within various symbols that have generated strong warnings of a potential price reversal over the past few weeks. The biggest pattern has been the Head-and-Shoulders price patterns. The sudden downside price move in the NASDAQ, and other markets, last week caught many traders/investors off-guard. One day after a very strong rally in the US stock markets, the price reversed and sold-off nearly 6% – a shocking reversal of trend. Red Skys in the mornings – Sailors Take Warning....Continue Reading Here.



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