=> Second: Has to test and work off the now activated upper line of 2nd double arc uptarget resistance at 3840 pts with a probability of well over 90%. Therefore the year 2021 will inevitably:įirst: Print higher highs as the year 2020! So the year 2020 will be able to deliver another buy signal on annual base. And I think it will be the case that nothing and nobody can prevent the market from closing this year 2020 well above these two rails. The decisive elimination of these two (former) main resistances is an expression of the current bull strength and purchasing power. The market with the current 3557.54 pts is already trading very far above this lower line of 2nd and at the same time is far above the 2*1 Angle, what was a very important resistance on yearly base as it braked at final highs of 2019. In the tailwind of the Biden elect, the S&P 500 was able to overcome the pre-corona alltime-high resistance, that was triggered by the yearly GUNNER24 Resistance of the lower line of 2nd double arc. Lastly, on Ma( GUNNER24 Newsletter: „Fathoming this crash cycle – Possible crash cycle panic lows“) we were able to estimate the probable bottom of the February-March sell-off cycle quite accurately with the help of this yearly 35 Candle GUNNER24 : However, a serious analysis of the S&P 500 in this particular case is only possible with this annual knowledge. This will continue to be an extreme exception, as this knowledge is normally reserved only for paying traders. The guidelines for current 2020 have also been met, were even exceeded, as the hardest, fastest bear market ever ended at March coronavirus panic lows, followed by an absolute buying panic, the so often strained V-reversal, what is now being continued with the Biden Rally cycle which now leads to even higher alltime-highs.įor this S&P 500 topping analysis, I would like to work with the GUNNER24 Charts on yearly base. The Master Plan forecasted the beginning (2009) of now underway secular bull, the important higher 2015-2016 bull market lows and finally to the T the unusual strong rally year of 2019 which was panic buying time frame as markets literally just rallied from very first into very last trading day of 2019. And we can see that these predictions are so correct for the secular bull market, which is currently in its 11th year, that we should assume with some degree of certainty that next year, from a general perspective, prices will decline for the most part until another important bear market low is found.
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