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Friday, February 17, 2017 2:29:00 PM
Very Long-Term View of the Cash SPX
By MPTrader
* February 17, 2017
This very long-term chart shows that in 2015 at a price of 2158.70, S&P 500 (SPX) traveled 1491.91 points off of the March 2009 low, which equaled the distance traveled between Oct 1974 and March 2000.
If we extrapolate from a 1:1 ratio, to the next Fibonacci relationship, or 1.236 x the distance of the 1974 to 2000 advance, then we arrive at a next target of 2510.79.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader
* February 17, 2017
This very long-term chart shows that in 2015 at a price of 2158.70, S&P 500 (SPX) traveled 1491.91 points off of the March 2009 low, which equaled the distance traveled between Oct 1974 and March 2000.
If we extrapolate from a 1:1 ratio, to the next Fibonacci relationship, or 1.236 x the distance of the 1974 to 2000 advance, then we arrive at a next target of 2510.79.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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