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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: scoot1212 who wrote (28842)

5/21/2018 10:09:50 AM

From: Fintas

Read Replies (1) | Respond to of 41188

Let me put up a chart using the 97.2 Value box aka VB to help some see what has taken place since the lows of 666 SPX. This box does NOT show the exact low but that's ok. Most know such.

So if one were to just do a basic 50% retrace of the pattern which I have presented many a chart to show HOW it could happen. NOT if but HOW.

Then it's not hard to count down and see the possibility.

OH that means to get there 1810-1836 is a given.

Then if one wants to consider where there's BIG GAP up back in year 2013 at the 1648 area well then it's not hard to understand filling that gap or heading lower to areas of where the SPX was also in year 2013 to find support at 1566 or where the SPX was in early 2013 and late 2012.

BUT this I'll also add for those who do use FIBS.

We know the 666.. We know the 2872. 2872-666=2206

Pick a fib retracement and plug it in. What do you see?

Factor it in with the understanding this chart will NOT go straight down but will do so in STEPS. Where it stops is yet to be determined.

However I'm on record as to how low and / what it ill take to the UPSIDE to change my mind. TO DATE.. ZZZZZZ Sell the RIP

09
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	11
	12
	13
	14
	16
	17
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3110.4		3110.4
3013.2		3013.2
2916.0	•	2916.0
2818.8	X	2818.8
2721.6	1	2721.6
2624.4	B	2624.4
2527.2	A	2527.2
2430.0	6	2430.0
2332.8	2	2332.8
2235.6	C	2235.6
2138.4	7	2138.4
2041.2	B	2041.2
1944.0	6	1944.0
1846.8	C	1846.8
1749.6	A	1749.6
1652.4	5	1652.4
1555.2	3	1555.2
1458.0	9	1458.0
1360.8	4	1360.8
1263.6	1	1263.6
1166.4	3	1166.4
1069.2	9	1069.2
972.0	7	972.0
874.8	2	874.8
777.6	X	777.6
680.4		680.4
583.2		583.2
486.0		486.0
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