WHEN The SPX was at 1690, I discovered a progression of a particular number Squared led to the NEXT Progressive price level of the SPX.
skipping to the present ---
RECENT levels are
3312 future potential
Current
3265 was no barrier & SPX went to 3283 TODAY Jan 10th at 6:20AM
3218 got passed by and hit 3250
BUT 3215 FOUND A SHORT TERM BASE & BOUNCED
to 3283
NOTE THIS; its 47 points between these price levels
3312 - 3265= 47
3283 - 3265= 18
18/47 is EXACTLY 38% > a STRONG FIBONACCI ratio.
NOTE also that 3312 ALSO sums to a NINE
but not 3283.
IS THE BULL RUN OVER ??
NOT LIKELY
BUT we can NOW expect a MODERATE correction
ending on FEB 28th.
PS- THE PROGRESSIVE SQ can also be used to find SUPPORT levels on the way DOWN, as seen at 3215.
It doesn't have to be exact on the trip south but the progression is a GREAT GUIDE.
NEXT Levels are:
3172
3126
3080
3035
2989
2944
etc
NOTE the DROP intraday on Jan 7th was to 3180
NOT exceeding the 3172 progressive level.
THE adjustment to 3283 DOES NOTHING TO CHANGE
WHAT THE FUTURE has already been seen on the Jaywiz "TRAKET" AS WELL AS WHAT WE SEE ON the POWER DATA for Monday, Jan 13th.
BE INFORMED
HOLD TRADES LONGER
Make MORE MONEY
JOIN TODAY
Jay
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