SPX stopped right the intersection of red and green (like it should have)
X marks the spot
now up to purple or red?
or continue down to lower red?
- Follow L1 Stock Market Analysis on WordPress.com
-
Blog Stats
- 1,229,363 hits
-
Recent Posts
Recent Comments
carterwoodbine on NQ H&S 
lunker1 on Paul is Dead lunker1 on Hyperinflation lunker1 on Bitcoin Target $11,000 
J.Wenger on NQ H&S Categories
Meta
Archives
- November 2021
- July 2021
- May 2021
- March 2021
- February 2021
- January 2021
- November 2020
- October 2020
- September 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- October 2018
- May 2018
- March 2018
- January 2018
- December 2017
- May 2016
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
Disclaimer
The content on this blog (L1 Stock Market Analysis) is provided as information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author (L1) and are for entertainment purposes only. L1 is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. L1 does not manage client assets in any way. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of L1. L1 may make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. L1 Stock Market Analysis is an educational blog, not an advisory or stock recommendation service. At times, L1 will analyze the technical structure (chart) of various stocks or financial markets, but he is in no way compensated by the companies he analyzes either in reports or daily commentaries. All examples are provided for educational purposes.Content Usage Terms
L1 Stock Market Analysis public blog site content may be reproduced or excerpted online, provided full attribution is given to L1 and the original article source is linked. Private, password protected content and information may not be shared, excerpted or reproduced in any fashion.
L1 Stock Market Analysis 
Hey Lunker……after yesterday’s bull whipping lot of WS honchos, media, traders, etc now looking very bearish and with many look for a retest of the 1904 SPX or toilet flush to the 1860-80……this got me thinking and search for that contrarian “mystery” price target for this upcoming Major a bottom…..So last night I started plotting up Fib retracement, fib extension, fib arcs, fib spirals, channels and whatever I could think (here the chart http://tos.mx/FxWu3s )…..Then the Edison light bulb went on and the little voice in my head told me, “why give the masses the bearish confirmation of a downtrend, instead it would be best if Minor a stopped short of retesting the 1904 SPX Aug low that way the masses turn bullish one more time during Minor b rally over the next several days then flush them all down the toilet once Major C commence. This contrarian thought leads me to believe that Minor a will mostly bottom near the 88.7% retracement {1918 SPX (+/-7 pts) } of Inter 5 rally.
LikeLike
1970-55=1915
LikeLike
That chart is really forked up!
Nice! Thanks for sharing!
LikeLike
Lunker,
where do you see XLE target after Major B?
http://stockcharts.com/h-sc/ui?s=XLE&p=D&b=3&g=0&id=p98790653987&a=133309346&r=1412891827991&cmd=print
LikeLike