Feb 7, 2014

SP500 Update

Most of the EU and US Indexes met key levels and did the "unexpected" very sharp bounce (SP500) from 50% Fibo level of potential  Minor1st of Intermediate 5th of Primary 3.

Next chart is the SP500 volatility and as we see we'll get back on the bull trend. 
Good luck to all.

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Feb 5, 2014

SP 500

          Medium term SP500 might found support at 50% Fibo retracement of potential Minor first of Intermediate fifth of Primary third wave sinse 3/6/2009. The price could drop to lower  $1710 level and hit 61.8% Fibo.



       This suggesting is based on the Fibonacci extention sequence, i.e. every third wave in this bull market unfolds to 161.8% Fibo of the first wave. If we follow this ratio then Primary wave three target should be far and away from here.