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In my 9/6/16 post I noted a Fibonacci time cycle due on 9/7/16 and a possible secondary high at SPX 2187-2188 near the open. The target was achieved one hour into the trading day then declined about 8 points followed by a rally in the second half of the day almost back to the high of the day. That the SPX could retrace so much of the decline is a clue that the...

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My first post on Fibonacci time cycles illustrated that a Fibonacci 144 trading days added to the SPX 1/20/16 bottom targeted the 8/15/16 peak. Adding 144 trading days to the marginally lower 2/11/16 bottom targets 9/7/16 as a possible turn date. Adding a Fibonacci 3 trading days to the last Fibonacci cycle day of 9/1/16 also targets 9/7/16. On 9/6/16 the...

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There was a Fibonacci time target due on 9/1/16 which was illustrated in my first post. The SPX has made at least a short term bottom on 9/1/16, The Fibonacci price target was SPX 2120-2100. The bottom on 91/16 was at 2157 no where near the price zone. I expected that a decline into 9/1/16 could be an Elliott wave "4" from the 02/11/16 bottom. While the 8/15...

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The SPX decline into the Fibonacci target zone of 2116-2103 can still happen as long as 2187.94 is not broken. A move above that level would open the door for a move up 2200. The Fibonacci time target of a bottom on 9/1/16 is in doubt because it required a large SPX decline today 8/29/16. There is a very good chance the decline will continue on 8/30/16...

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In my first post I noted a Fibonacci time cycle due on 09/01/16 which also happens to be a new moon. Todays post examines two Fibonacci price coordinates that indicate a zone for a likely correction bottom. A Fibonacci .236 retrace of the entire bull move from February 11th to August 15th targets SPX 2103.26 A Fibonacci .382 retrace of the move up from the June...

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Above is a close up view of the long term Elliott wave count I illustrated in my 8/22/16 post. A Elliott wave double Zigzag formed from the 5/20/15 peak to the 2/11/16 bottom. What could be forming since 2/11/16 appears to be a possible Ending Diagonal Triangle. Wave "4" of the structure could be underway now. If so the bulls-eye price target is SPX 2114,...

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Since the major bottom made in March 2009 the SPX appears to be in either a developing extended five wave pattern or in the later part of a rising Zigzag. Regardless of which pattern is correct based on the recent monthly MACD bullish cross over the bull market could continue for several more months before a major peak is in place. Fibonacci time cycles point...

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SPX daily 2016-1-13 to 2016 8-19