S&P 500 To Repeat Cycle?
Interesting to see the S&P 500 price action respecting this charted Gann Fan so many times since mid 2019. One would presume that since validated multiple times previously over the months that we are close to crossing the Angle 1/2, which would push the market into "Above Averagely Bullish" territory again.
I pulled a Bar Pattern from OCT 2019- MAR 2020 and scaled it to today's price action. It is scary to see the resemblance of this Fractal and its movement once above the Gann Fan Angle 1/2. What is also weird is to see the reaction of the Bar Pattern off the drawn Resistance Trendline, which starts back in SEP 2019.
Will this cycle repeat? Only time will tell.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
I pulled a Bar Pattern from OCT 2019- MAR 2020 and scaled it to today's price action. It is scary to see the resemblance of this Fractal and its movement once above the Gann Fan Angle 1/2. What is also weird is to see the reaction of the Bar Pattern off the drawn Resistance Trendline, which starts back in SEP 2019.
Will this cycle repeat? Only time will tell.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
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