SPX - the big grey zone (of resistance) and possible top of spx
As long as SPX does NOT go up through the "big grey zone" this should be THE top of the current bullmarket of SPX since march of 2009 (6 years back).
This grey area represents a fibonacci ext level all the way back from 666/667.
So if not taken out...welcome to the coming bear market.
Disclaimer: a possible QE4 from the FED could negate this idea, inflating the asset bubble to even higher level (with a possible max around 2200-2222)
This grey area represents a fibonacci ext level all the way back from 666/667.
So if not taken out...welcome to the coming bear market.
Disclaimer: a possible QE4 from the FED could negate this idea, inflating the asset bubble to even higher level (with a possible max around 2200-2222)