Looking at the S&P chart- whaaat RALLY ! Under the Moon in Aries; as forecasted 2 days ago
a simple trendline and Fibonacci no. are enough to decide long or short?
we got a double top- failing to go above 58000- it is a short. IMHO
Breakout after long consolidation, reached Fibo 3. Planetary support is at 2.615- it'll correct below it.
We got a correction candle, but Financial astrology alerts that at 191.85 there is a strong resistance , only basing above that level it will continue to ran up..
Amzon announced to use drones to send books. It should go above former high to rally, otherwise it will fall back to 270 - and complete a b c Elliot.
Long term graph: it is "caged" in the triangle. Short below 80- Heading to 50.
I published it on FB, we got a nice ride to 4.4- now correction time- should not fall below 3.80.
Support by historical trend line. We are long with a stop at 1.80- target 3. Above it: even 5.