Looking at the es and time with fibonacci on a x axis, price seems to have a reaction at the 27.2 - 61.8 - 78.6 fib ratios. Using the October 2014 low to May 2015 high as anchors for the x axis, from observation the 27.2 - 61.8- 78.6 have made alternating highs and lows. From October 2014 to May 2015 the 27.2 was a low, 61.8 a high and the 78.6 a low. From the May high to date, the 1.272 was a high, 1.618 was a low with the 1.786 pointing to November 3rd for a possible area where price and time could have a reaction looking left of the chart. Also the time x axis 78.6 and price y axis 78.6 meeting on november 3rd could produce a reaction for price. Price and time meeting to create a reversal.
I will use a stop to show me I am wrong and not a max pain stop. This could all be bs, I don´t know.
I don´t think we will see a crash but around + or - a week looking left of the chart could see a pullback. week of Nov 16
elp
⋅
Here is a possible dow fractal from the year 1949 - 1953 notes on chart. If this fractal is true. It would suggest more sideways to downward chop into january.
elp
⋅
Coming into big support next week. Daily close below trendline suport could see price falling to 1732ish rather quickly.
elp
⋅
Starting in January of 2015, the spx, & es started making what looks like a heartbeat. Maybe is was the algos running the markets up and down set to a regular cycle. I do not know. The current sine wave cycle shows there could be somewhat of a temporary low with a countertrend rally into the end of the month. Even if the market continues to trade lower I would believe towards the end of the month the markets could make a small pullback to satisfy the market heartbeat. This would be similar to the october rally. All bs at the moment.
elp
⋅
if the market keeps falling would think there could be some sort of low mid february. then a rally into april with another low into may. do not know where the levels will be, just think if the ES keeps on respecting fibonacci in time this chart could continue to be valid. notes on chart