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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Bull RidaH who wrote (36710)1/16/2020 3:18:42 PM
From: Bull RidaH1 Recommendation

Recommended By
skinowski

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And last but certainly not least, on 12/12/19 the SPX broke up out of a 7.5 month rising pennant formation, yielding a measured move price target of 3450 SPX. This exact same pattern appeared prominently in the Gold price chart during the year preceding the top in 2011, and enabled me to call the top to the exact dollar at $1,925/oz weeks before it arrived. This price pattern fore-warns a coming high and reversal in prices at 3450 SPX, and it is left to us to guess how it arrives. My guess is that it is seen in an after hours Futures print, but if it does come during the regular hours session, it should happen at the close of a very big rally day.... probably the largest of this rally off the Christmas Eve 2018 lows.
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