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S&P 500 Seasonal Low

Discussion in 'International Markets' started by Student of Gann, Dec 25, 2018.

  1. Smurf1976

    Smurf1976

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    Also many other factors (fundamentals) point to the notion that the US is somewhere in the vicinity of a major market top. It doesn't really matter which measure you pick - they all say pretty much the same thing in terms of where we're at.

    The only way I can see a major top not occurring in 2019 is if it has in fact already occurred in September 2018. :2twocents
     
    sptrawler likes this.
  2. sptrawler

    sptrawler

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    The big end of Town, has to be able to off load. IMO
     
  3. Student of Gann

    Student of Gann

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    Price did pull back 52 points from 2519 to make low at 2467 on the intraday chart on the 2nd January however the 2440 price target was not achieved. Top is indicated for the 16th January and contained within this Cycle there are two minor cycles the first being 2nd January which was only a minor price pullback and the 10th January with the Main Top coming in on the 16th January before trend reversal.
     
  4. Student of Gann

    Student of Gann

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    Looks like the minor pullback point came in one day later than the projected 2nd January point. Sometimes cycles can have a -/+ 1 day tolerance . Last nights low at 2446 is six points above the 2440 octave point which indicates resumption of uptrend into the 16th January.
     
  5. Student of Gann

    Student of Gann

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    +234 points off 2346 26th December Low.
     
  6. Student of Gann

    Student of Gann

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    2586 is trine 2346 Low and the inner octave midpoint is at 2583. If 2586 doesn't hold we could pull back into the 10th January before trend resumes.
     
  7. Student of Gann

    Student of Gann

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    looks like trend is running according to the 1st timing model with Top at 10th January with trend projected to pullback into the 16th - 17th January . I just had a look at WPL and that should also pullback into the 16th - 17th January before resumption of uptrend .
     
  8. Student of Gann

    Student of Gann

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    2623 16th Jan Top.. First timing sequence looks like it was right from the outset. There were two conflicting minor cycles operating concurrently which made it difficult to establish direction but looks like this date and this price level will hold.
     
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