Ending wedge in Treasuries gives clues on timings of the crash
Hi Folks,
I noticed that ending wedges very often (more than 50% of the time) complete their 3-5 section at approx. 0.618 of the time it took them to complete the 1-3 section. The Fib-Time tool is great to spot these things. For the ending wedge in TLT this gives us a target of May 25th for its wave 5 which should mean we are about to see a very significant low in SPX at the same time.
Will the market have time to crash by 20-25% by end of May? I have no idea, but I am very much looking forward to finding this out.
I noticed that ending wedges very often (more than 50% of the time) complete their 3-5 section at approx. 0.618 of the time it took them to complete the 1-3 section. The Fib-Time tool is great to spot these things. For the ending wedge in TLT this gives us a target of May 25th for its wave 5 which should mean we are about to see a very significant low in SPX at the same time.
Will the market have time to crash by 20-25% by end of May? I have no idea, but I am very much looking forward to finding this out.
