The bull SPX bull market from 10/02 to 10/07 was almost a perfect Fibonacci sequence number of 5 years.
Using Fibonacci ratio analysis 5.0 years x 2 = 10 years added to the major SPX top on 10/11/07 targets 10/11/17 as a possible major top.
This is backed up by a secondary Fibonacci time sequence.
May 2011 to May 2015 is 48 months x .618 = 29 months added to May 2015 targets October 2017 as a possible top.
10/11/17 has release of FOMC minutes at 2:00 PM -ET
I have a short term price target for a top in the range of SPX 2555.24 to 2560.00
Bulls- eye price target 2558.23
Stock market bearish seasonal time continues into the first half of November.
If the 34 day mini crash phenomenon is in effect, crash bottom day is 11/13/17.
Bottom price zone is SPX 2120 - 2160.
Mark
Using Fibonacci ratio analysis 5.0 years x 2 = 10 years added to the major SPX top on 10/11/07 targets 10/11/17 as a possible major top.
This is backed up by a secondary Fibonacci time sequence.
May 2011 to May 2015 is 48 months x .618 = 29 months added to May 2015 targets October 2017 as a possible top.
10/11/17 has release of FOMC minutes at 2:00 PM -ET
I have a short term price target for a top in the range of SPX 2555.24 to 2560.00
Bulls- eye price target 2558.23
Stock market bearish seasonal time continues into the first half of November.
If the 34 day mini crash phenomenon is in effect, crash bottom day is 11/13/17.
Bottom price zone is SPX 2120 - 2160.
Mark