SP heading for 3108.04
This chart is showing a 4th wave pennant from the year 2002 until 2011 and a possible 5 wave up.
Right now at wave iii of wave 5
Seems like a 77 bar or 2344 day cycle ... will it continue that cycle...looks that way so fare
Grey fib is interlinked showing 2007 top and 2009 low.
The colored fib is showing the 2.618 fib extension of wave 1 after the E wave.
Below you will find a zoomed in chart on monthly with waves starting from 666,79 low and a weekly chart as well.
RSI is worth noticing.
@BLawrenceM
This chart is showing a 4th wave pennant from the year 2002 until 2011 and a possible 5 wave up.
Right now at wave iii of wave 5
Seems like a 77 bar or 2344 day cycle ... will it continue that cycle...looks that way so fare
Grey fib is interlinked showing 2007 top and 2009 low.
The colored fib is showing the 2.618 fib extension of wave 1 after the E wave.
Below you will find a zoomed in chart on monthly with waves starting from 666,79 low and a weekly chart as well.
RSI is worth noticing.
@BLawrenceM
