Yes, this is a very serious event. In fact we know that any pullback that materializes south of the bear 3rd rail in the SPX has the potential to keep us in the dark as far as the true nature of the longer term trend for years to come. We have historical precedent that shows what could happen to financial markets in case the political situation was to deteriorate. But on the other hand, I think the technical situation was much tighter and more precise on that 1939 chart than it is right now. That being said, we do have a set of circumstances in the technicals and in our Gann as well as Andrews work that suggests this could be serious. I am approaching this next sequence with extreme caution and will be watching carefully for any signs of serious fear coming into the markets this week.
It's three weeks from today. We are going to talk about Gann price and time square which is one of the most important principles when it comes to timing markets. The turn on Friday materialized on a very good intermediate level square on one of the major indices. Lots of important technical events on the charts have materialized as a result of this method. Don’t allow news events to dictate what you do with markets. Do you want to be a step ahead of the crowd?
I’m biased but I think this will be the most important breakout session in the entire NY event. If you want an edge to your game, you should be there. Those of you who know me know I save my best charts for my friends at Futures magazine. This time will be no different.
All you need to do is click, register and come to the Marriott Marquis on President’s Day.
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Jeff Greenblatt is the author of Breakthrough Strategies For Predicting Any Market, editor of the Fibonacci Forecaster, director of Lucas Wave International, LLC. and a private trader for the past eight years.
Lucas Wave International (https://www.lucaswaveinternational.com) provides forecasts of financial markets via the Fibonacci Forecaster and other reports. The company provides coaching/seminars to teach traders around the world about this cutting edge methodology.