01/31/15 The beginning of a new month
02/19/2015-02/07/2016 Year of the Sheep/Goat/Ram
(1) For a downward acceleration, bears need to take out support cluster SPX 1988.12-1989.18
(01/29/15 10:25:14 AM) immediate support is around a fib cluster 1989.85 1989.45 1989.31 1988.77; from (edit) this support cluster, it re-bounces but an important low could be around middle of February ( refer to para. (2) )
day low
1,989.18 Jan 29
1,988.12 Jan 16
1,988.44 Jan 14
best match
1989.31 0.3820 2093.55-1820.66
1988.77 0.8660 2093.55-1972.56
(2) Short term lower targets
time window: middle February, +/- ( Gann 120 degree from October low on 10/15/14, 1820.66 ). In a realistic way, it could be from 02/03 (Full moon) – 02/18 (New moon)
(a) retracements
1972.56 ( 12/16/14 day low )
1957.11-1924.90-1885.06-1879.06
(0.500, 0.618, 0.764, 0.786 2093.55-1820.66 )
(b) one of the wave possibilities
1986.63-1945.80-1933.19-1920.57
( 2079.47-1972.56 wave a )
( 1972.56 -2093.55 wave b )
( wave c = 1.00, 1.382, 1.500, 1.618 of wave a )
(3) Short term reversal
< 2018.78 bearish
> 2069.93 bullish
