SPX500 eyes on 5792 then 5901: possible TOP at Golden Genesis 2%

11 Eki 2024

New record highs again and still going?
Might pull back a bit from here, 5792.00
Then likely to hit Golden Geneis at 5901.08

Be VERY careful here, might be some violence.

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15 Eki 2024

İşlem aktif

DOING

Perfect ricochet off the bottom boundary.
(yellow shaded area is after posting time)

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Zoom IN (m5)

WOW, absolutely gorgeous reaction off our lower fib.


Price has NEVER been here before.
YET our fibs lit the way into the dark.
Told us to be ALERT here lest we trip.

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Zoom OUT a bit (m15) plus fib of last leg up:

Dropped to local golden fib at 6805.08
Hopefully we get a little bounce off it.
Then bulls would have a shot at 5792.

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So do we still have a shot at the Golden Genesis?

That is a "very high gravity" fib.
It "should" continue to pull on us.
But it is possible we have "topped".

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1 Kas 2024

İşlem aktif

BOOM

(yellow shaded part is from posting time)

Caught that top PERFECTLY.

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Zoom in a bit (m5) and adding a fib to the dip wave

3 possible targets for first wave of dip:
5678 possible end of first wave
565x double fib should bounce
575x possible final target.

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21 Kas 2024

İşlem kapandı: hedefe ulaştı

5901 indeed

On the hourly, we are stuck in "orbit" of this Golden Genesis.

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Zoom in (m1)

Several Pings have now made the entire world aware of this fib.
All humans/bots/indi's have recorded this price action in detail.
And that is how fibs become MORE accurate as they are tested.

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So what now? No way to know, but:
Above 5901 is bullish, below is NOT.
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23 Ara 2024

Not

PING

Perfect retest of our Golden Genesis fib at 5901.
Thus my use of the term "high gravity fib".
Need to achieve "escape velocity" to leave orbit.

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