In this video, I explain the basics of using Fibonacci, time application and geometry to predict the future.
TLDR: SP500 will hit 3045 and while it could reject here, it looks quite bullish and 3307 is worth betting on.
The rising wedge will break and we could see a December style dip around late April, early May 2020.
Getting to 3300 could be a slow melt up over the next few months, with a total break down in trade negotiations being a possible/likely catalyst for the break down.
BTFD will work for as long as the market believes the Fed can engineer the economy.
TLDR: SP500 will hit 3045 and while it could reject here, it looks quite bullish and 3307 is worth betting on.
The rising wedge will break and we could see a December style dip around late April, early May 2020.
Getting to 3300 could be a slow melt up over the next few months, with a total break down in trade negotiations being a possible/likely catalyst for the break down.
BTFD will work for as long as the market believes the Fed can engineer the economy.
