SPX 2900 confirmed
There is currently a bearish divergence the size of Africa on the SPX500 right now.
Looking at past 2 higher TF bear divs that played out and taking in the following data: 1) how long the bear div is 2) how much it dumped afterwards
With some quick maffs we can figure out where price will go!
1) 84D range peak to peak, -5.54% peak to bottom
2) 245D range peak to peak, -18.35% peak to bottom
((5.54%/84) + (18.35%/245))/2 = 0.0704% of dump per day of beardiv length
And given the current bear div:
3) 371D range * 0.0704% = 26.127%
26.127% from here is around 2900
Thank you and come again
disclaimer: these opinions relate to a possibly fictitious outlook and this post is thus for informational and entertainment purposes only, and as such should not be construed as legal, tax, investment, financial, or other advice. Nothing contained within this post constitutes a solicitation, recommendation, endorsement, or offer by Pod, TradePod, or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Twitter: TradePod
Looking at past 2 higher TF bear divs that played out and taking in the following data: 1) how long the bear div is 2) how much it dumped afterwards
With some quick maffs we can figure out where price will go!
1) 84D range peak to peak, -5.54% peak to bottom
2) 245D range peak to peak, -18.35% peak to bottom
((5.54%/84) + (18.35%/245))/2 = 0.0704% of dump per day of beardiv length
And given the current bear div:
3) 371D range * 0.0704% = 26.127%
26.127% from here is around 2900
Thank you and come again
disclaimer: these opinions relate to a possibly fictitious outlook and this post is thus for informational and entertainment purposes only, and as such should not be construed as legal, tax, investment, financial, or other advice. Nothing contained within this post constitutes a solicitation, recommendation, endorsement, or offer by Pod, TradePod, or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Twitter: TradePod
Disclaimer
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