approaching strong resistance

what i have displayed is the weekly chart.

if we draw the gann fans at 2008 bottom.... per rules .... chart has to be 1x1. meaning 1 point = 1 week. we arrive with the 1x2 line right above.

lets do some simple math to give us an exact number

1x2 means : 1 point every 2 weeks, or 50 cents a week.

going back to 2008. there have been 615 weeks.

615 / 2 = 307.5

307.5 plus 67.1 low = 374.6

watch 374.6 as a huge resistance level.

also.... make a note that going forward that line is going to be 50 cents higher....

i dont see a major top happening till mid may 2021, however before that there should be a nice sized correction at the end of dec or start of jan.