Nothing new under the sun! This chart is the same as my weekly chart but it's just making it more clearly that 1805,52 could be the area of a possible turning point for the SP. 1.618 fib of the A leg in an Elliott Wave ABC-count.
The Andrew Pitchfork goes way back to the 1987 crash. It just seems right begining there at the time the Ronald Reagan PPT were set up for manipulating the market.
Looking at the RSI:
It has reached a resistance level reaching back to 1995. It's though the 3rd time around and at the level of resistance now so...
Time will show .... as always
Safe trading gents!
BM
Music at work: www.youtube.com/watch?v=GWK04X-R...
The Andrew Pitchfork goes way back to the 1987 crash. It just seems right begining there at the time the Ronald Reagan PPT were set up for manipulating the market.
Looking at the RSI:
It has reached a resistance level reaching back to 1995. It's though the 3rd time around and at the level of resistance now so...
Time will show .... as always
Safe trading gents!
BM
Music at work: www.youtube.com/watch?v=GWK04X-R...