SPX to bounce then Lower Low? 9.618 rejection still in play
Follow up to my previous post when SPX topped, see link below.
The 9.618 extension is a very common Murder of Moves.
It already rejected, and day after was Trump-China escalation.
Thus the Gap down, which gave me another Impulse/fib to map.
Now I look for Confluences of the two Fibs pushing in opposite directions.
Blue arrows are possibilities implying sooner the bounce, higher the low.
One Trump Tweet could change it all, but I am doubting we have bottomed.
My previous Post raising alarms about the 9.618 top:
The 9.618 extension is a very common Murder of Moves.
It already rejected, and day after was Trump-China escalation.
Thus the Gap down, which gave me another Impulse/fib to map.
Now I look for Confluences of the two Fibs pushing in opposite directions.
Blue arrows are possibilities implying sooner the bounce, higher the low.
One Trump Tweet could change it all, but I am doubting we have bottomed.
My previous Post raising alarms about the 9.618 top:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
.