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ProShares UltraShort S&P500 Message Board

  • keybotthequant keybotthequant Apr 8, 2013 8:28 AM Flag

    SPX Long-Term Chart Follows Reverse Fibonacci Sequence

    SPX Weekly Chart Overbot, Rising Wedge, Negative Divergence and reverse Fibonacci Sequence Nearing End

    The long-term SPX chart shows the negative divergence spank down at the 2007 market top and the negative divergence, overbot conditions and negative divergence in place now. The chart wants to see price move lower but the Fed's money pump is strong, as well as Japan's flood of money. The QE's have been following a reverse Fibonacci Sequence for over four years, since the March 2009 bottom, and is nearing the end; 13, 8, 5, 3, 2, 1, 1. QE1 provided a 13-month rally, QE2 was 8 months, LTRO 1 and 2 and Operation Twist was 5 months, last summer the OMT and QE3 Infinity was about 3 months into the September-October top, then the QE4 Infinity and Beyond announcement in December, replacing Operation Twist with outright purchases, created the rally into February's top, about 2 months.

    The quantitative easing is out of control now with every major nation in a race to debase. The Japan easing and the cumulative effects from all the central bankers actions creates a strong March rally of one month, and, here we are, in April 2013. Projection is for markets to continue topping out now and to roll over moving forward. The Fib sequence needs one more one-month spurt so perhaps a pullback in April occurs, as traders try to beat each other out the door for the 'sell in May' theme, then a move back up in May, then a longer term many month roll over for markets from June forward. Thus, SDS appears attractive moving forward.

    For SPX chart use search box above for Keystone Speculator

    Sentiment: Strong Buy

24.98-0.60(-2.35%)Oct 23 4:00 PMEDT

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