$SPX - Will foldback continue?
Updated
SPX - George Lindsay, back in the ‘70’s of last century made furore with foldback analysis. He was a true master in it. A foldback is a mirror image of the past. Planetary movements may be the cause for foldback’s to occur and investor sentiment may remember what happened in the past leading up to a foldback and reverse their positions. I follow mirror image foldbacks, but at some point in time a foldback may cease to function. So, no advice. I am following this foldback in the SPX from March 2023 low onwards. Will the foldback continue? It has to be seen, but it is an interesting phenomenon. Amplitude not implied: Time is more important than Price!.Copyright © 2008-2023 Fiorente2 - Disclaimer: This analysis is intended for general informational & educational purposes only. Past performance is not indicative for future results. No investment advice.
Note
Mirror Image Foldback (update 05/05/2023)At some point in time Foldback's will cease to function.
SPX may have reached that point by April 21st,/26th 2023.
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