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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (18907)	3/29/2017 1:18:13 AM
From: John Pitera	3 Recommendations Recommended By Chip McVickar ggersh The Ox Respond to of 33421

Hi Chip, really outstanding work.... I see how we have quite a confluence and cluster of Fibonacci and Gann resistance points in the SPX 2394- 2398 area. You illustrate an excellent 1.618 @2396 If we take this entire move that began at 666 on March 6th 2009...... Message 25473946 I had a chart on that post for 8 years and now it's gone..... hmmmm.. but anyway. using the SPX 666 where we started this bull market after the Great Financial crisis..... and put in 12 (12 is an important number in sacred geometry, hence 12 months in a year, 12 signs in the zodiac; 12 inches in a foot....12 is 1/3 of 36 as is 120 degrees is a trine or 1/3 of 360 degrees there are reasons why our numbers are established as they are.) the step value on the GANN square of 9 wheel you see that we hit the important 90 degree angle resistance at 2394..... the closing high was 2395.96... so we have a multiplicity of systems in play...... and the low yesterday in the SPX was exactly *2322 or the green 180 degree pivot point.* the 2394 level is the 1.382 Fibonacci price progression level of the initial fractal advance off of the 2083.79 low where we hit the 200 dma just prior to the election, so far the 2341 area which is 100% of the initial fractal advance that occurred upon Trump's victory has been holding the market up. The 2288 -89 level is some support as is the 2250 - 2260 with the GANN 2250 pivot and at least 2 Fib pivots at 2257 and 2259.... a powerful cluster. The June SPX globex hourly chart.... the Fib time turning points where from the top on 3/16 and the initial low on 3/22..... the .382 and .618 caught 2 tops as did the time equality point early on 3.28. John