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S&P 500
5,702.55
(
-0.19%
)
US TECH 100
19,287.60
(
-0.24%
)
Dow Jones
42,063.36
(
0.09%
)
Brent Oil
74.14
(
0.00%
)
Bitcoin
63,094.75
(
-0.44%
)
Post# of 11444
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123tom

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123tom

Re: None

Monday, 02/15/2021 5:05:29 PM

Monday, February 15, 2021 5:05:29 PM

Post# of 11444
The Fib math of the S+P 500

It looks to be following pretty closely to the math track pattern. Ive found it usually does.

The classic Elliott wave 5 is supposed to represent the finish of the major rally pattern, but I often find it extends to 7 waves and sometimes 9. In this math pattern from a major Bottom zone (around 2400) the wave 5 target is 3900-4000-4100 area
The Fib pullback (major pullback wave) would be looking at the
(3400-3300-3200 area) where the 200ma is.

Fibonacci plots S+P 500 chart within the Elliott Wave pattern
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