Monday, February 24, 2020

2/24/20 More Big Moves Possible- Target Levels

Chart Update: 01:21pm EST:
Update: 2/25/20 11:33 EST Global Trading Signal 'Neutral moving to Optimism'

Update: 2/25/20 10:45 EST While waiting for the proposed numbers in the latest projection chart to crunch one way or the other, it is useful to try and cut through all the hype surrounding the current situation. The following chart should demonstrate quite convincingly that the current behavior scenario began developing months back way before any viruses, primary voting etc showed up. As difficult as it seems- market tops are about excessive complacency and optimism that peak at certain times. This has to be repeated consistently because 'common' logic likes to talk otherwise.
The vectors are indicating a deep retrace is possible unless there is a substantial downward continuation from somewhere near here. This development would fit a large structure scenario. The moves may be at a higher degree. If the analytics seen thus far are pointing to this scenario, we will soon find out so for now best to stay open to large moves that fit well with target zones.

A retrace from 3214.25 will target the price level areas shown using the green arrow up. If a final move similar to the white arrows occurs, it will require a new projection calculation.

The bots will flag a "V" when they see a top. 
Our favorite go to site- McVerry Report
This information is for entertainment purposes only. Financial loss can occur from investing

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