S&P500 - Could it top in 2014?Using a gann fan and gann square the market is indication a possible top mid 2014. Points I used are 1987 high and July 1994 open, since it was the lowest open in a consolidation period before the bull market that lead to the dot-com bubble. From these two points the 2000 and 2007 tops were identified. It looks like coming into 2014 price is entering an area where price could find trend changing resistance that unfolds into a huge correction possibly ending 2015/16 then off to a new bull market.
If price tops like 2000 or 2007 then price could meet resistance go sideways for six months and on the seventh month start a major correction. I believe the 1/4 or 3x1 could act as this resistance.
I believe the SPX is a long until price gets up to resistance as identified on chart. When I see price get up there and price goes sideways for more than one month, it would be a big sign price is in a topping zone where it's time to get the hell out of longs.
Gann Square
BTCUSD: Gann Square and Rectangle ClonesIts interesting to note that the recent down move created a double square (1:2), or a root rectangle (shown mirrored to the left of the move). Also of interest is when you mirror it the left the side aligns with the small peak (shown orange dashed vertical line)
Cloning it down along the 1/2 Gann line it aligns with some of my entry and exit targets.
Again the cloned rectangles display an inherent fib relationship when arranged along a Gann Line.
Gann Sqaure and approaching Gann DateA speculation about the next move using Gann Square and approaching Gann Date of September 23.
Hopefully we may have finally completed an ABC move down and will continue with the upward trend started in early July.
The approaching Gann date will hopefully be a new high in this market since early July this year.
More about Gann dates and day counts below
''Mr. Gann followed this pattern to list February 5th, March 21st, May 6th, June 22, July 7th, August 8th, September 23rd and November 8th as seasonal times for a change in trend
Stocks make important changes of trend every 30, 60, , 120, 150, , 210, 240, , 330 and 360 days or degrees from any important top or bottom. These seasonal changes or monthly changes based on the beginning of any seasonal changes are important to watch for tops and bottoms.''
source: www.marketmasters.com.au
Gann Square to help understand big push to 137That last big push brought us up over the 3rd arch and 3rd line. However, we have begun to receded. We are also right on the edge of the 3rd and 1st Gann square lines. Do we have enough momentum to continue this bullish direction? In the 4 hour chart,the crossing of the 14/21 DEMA historically has been accurate to predict future price. As of not to long ago this indicator has been bullish. I used the 14/21 indicator and bought in last night, before this big push! So we may indeed have the momentum.
2nd try to get a gann square to publish correctlyThe last time i published a gann square, the picture was grossly distorted. Lets see if it works better this time.
TV's native Gann square and fan drawing tools are ill-equipped to do this correctly, but one CAN fashion a decent square and save the template.
My guess is that price will break down when it reaches the next arc - we will seem soon enough. We are almost there now