Here's an update of a long term chart. The Gann fan in question (rising from the '74 low) stopped the $SPX last year. It stopped it in May this year. Given we are getting late in the 4.5 year cycle, I expect it will perform its magic over the next few weeks.
We are right near resistance in so many ways. A double top (with the spring high) would fit perfectly, but the bears don't always get what they want. A short term top at least is worth a wager here.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.