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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Mevis who wrote (81095)	3/19/2016 9:35:18 PM
From: GROUND ZERO™	Respond to of 218639

It surely looks that way... The symmetry of this market is stunning... for the SP, if you look at the July 2015 high, it took 11 weeks to reach the subsequent low... it also took 11 weeks from the recent Nov/Dec high to the next recent low again on February 11th... from those lows, the first rally took 26 days... Friday was day 26 of this rally... we're nearly at the time/price top measured more price of 2052.00, give or take a few ticks... the SP cash market actually reach 2052.36 on Friday for the high... Also, the weekly bar chart for the VIX is now below the Keltner 5 channel... this has only occurred a few times in the past... each time, the market continued higher for not much more than 25 to 30 SP points over the subsequent 3 to 5 weeks before turning lower for a hefty 100 to 120 SP point decline before resuming a rally, even in the strongest bull market... considering that the market is now within 10 SP points of a measured move from the February 11th low and within a day or so of measured time from that low, I would be amazed if this market didn't turn lower early next week and certainly for a good 120 points within a few weeks without moving much higher between now and when the down turn begins... GZ