SPX ... S&P 500 Gann Box Technique, Big trouble ahead?
Interesting idea...every time it cracks the gray, it runs to the orange .25 Gann retrace and then pulls back 50 or so %
But what if it has failed at the grey line this time...and cant scream higher to 16k like past times...
Well if we apply about 50% down to the gray line...you arrive at 2k on the S&P 500, some 4k down..
Or..OR..maybe you only get to the 7k line which is the retracement of the .25 Gann....thenn...
You then retrace about 50% from that 7k line and hit about 3.6k on the S&P 500
This is called Gann-Box Stacking...You take the ultra low and the screaming high, before a massive correction,
then you stack those boxes until you hit present day (removed vertical bars for clarity purposes)
Neat eh??
So what are your thoughts people...run to 7k...
Or...fall to 3.6k, then 2k, or go back to the .25 of 2000/2009
Just a reprint from chart in case you wanted to copy this for sharing...
Things are only random until you throw enough pooo at it,, then the most hardy piece sticks and you see what was real and what was hanging on by a thread
But what if it has failed at the grey line this time...and cant scream higher to 16k like past times...
Well if we apply about 50% down to the gray line...you arrive at 2k on the S&P 500, some 4k down..
Or..OR..maybe you only get to the 7k line which is the retracement of the .25 Gann....thenn...
You then retrace about 50% from that 7k line and hit about 3.6k on the S&P 500
This is called Gann-Box Stacking...You take the ultra low and the screaming high, before a massive correction,
then you stack those boxes until you hit present day (removed vertical bars for clarity purposes)
Neat eh??
So what are your thoughts people...run to 7k...
Or...fall to 3.6k, then 2k, or go back to the .25 of 2000/2009
Just a reprint from chart in case you wanted to copy this for sharing...
Things are only random until you throw enough pooo at it,, then the most hardy piece sticks and you see what was real and what was hanging on by a thread
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.