Bear market for housing, REK long or VNQ short
Watch for bounces on fib spirals, cross below major fib spiral is bear market down to 26k
I we push lower this morning, we will be in a bear market, if it stays above trendline, BUY LONG
long above horizontal and bounce off vertical, Short below vertical and bounce of horizontal.
LONG bounce above support vertical, SHORT below vertical line. LONG above horizontal line, SHORT bounce off resistance.
Long above spiral crossover, short below. both lines are reversals for intraday entries.
Short setup at horizontal spiral rejection and vertical crossover. Long if crosses above horizontal line at 30358.
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Short term buy sell at Yellow fib spiral, or wait for cross.
Yellow lines are buy trend lines, stop immediately below entry. Significant cross below yellow is bearing trend, short entry. Blue resistance line is sell trend line, stop immediately above .
High 30300ish, buy opportunities are yellow line inside fib spiral, Blue is resistance short/sell line
continuing the patterns to follow us bear pattern bounced off 30300 down to 29400ish
These are the current pivots according to fib spirals as of dec4, if you see more please let me know, looking to test a high of 30,300ish and a low of 29400ish in the coming weeks. hourly chart.
I hope I'm not giving out big market secrets or something but how do you guys get fib spirals from readjusting when you publish?
Hopefully I didn't just spoil the fun of the market, but the market will retest a topping tail of a green bar, and bottoming tail of a red bar. If we do retest the Red bar we've broken the trend line and could potentially retest 26,000 in the coming months. If we retest 30k and break the 30300 all bets are off and we will see 40k by next November. hashtag...
Bonds about to break out, resistance is now support!