So looking, at all the key indicies, there is a good probability of the market topping soon.
If you take a fib retracement from the low of 2008 to the highs of 2020, before the covid crash. If you look at the 1.618 golden ratio, you will see that the markets are begining to see some resistance. Spx about to approch its 2 fib, and approaching 1 on the trend based fib extension.
Im expecting a top soon, if not december then defintely in feb/mar
If you take a fib retracement from the low of 2008 to the highs of 2020, before the covid crash. If you look at the 1.618 golden ratio, you will see that the markets are begining to see some resistance. Spx about to approch its 2 fib, and approaching 1 on the trend based fib extension.
Im expecting a top soon, if not december then defintely in feb/mar
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.