Nice presentation, ArchiH..I agree
yes, the XLF looks bad. I haven't been looking at that one.
I agree completely with the bearish appearance of the chart picture now, and Ive found the head and shoulder patterns have been very meaningful for many years as something to notice. and the market charts are in that H+S pattern danger zone now. Its why Ive been saying for a while that SPX needs to recover above 2800
etc etc
My only hope resides in the Plunge Protection team to save the day whenever they need to , which is now. to avoid another downwave, in the midst of all the negative real economic news...but that bad news has been going on for many years, the whole market is just a fakery propped up by the FED and the PPT. so why wont the PPTeam save the day once again. ?
since 2009,when I stared investing, the more I study the whole market and the global economic picture, the more I feel its ALL Fake.and there is no real market, no real market principles that mean anything,because the rallys just go up and up. the pullbacks hold where the PPTeam makes them hold, and the rallys continue marching higher into the unreal blue skies. and I expect to see the next rally do the same and target SPX 3000 area before its finished .
The main measurement tools I use are the Fibonacci and Elliott wave. and the math is starting to point to those higher targets now
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