Anticipating a Top….
An excerpt from the January 30, 2024 issue of the Astrology Report …..
‘M’ Patterns
I will conclude this issue with a quick look at the letter ‘M’. Very often, topping patterns on a price chart will resemble the letter ‘M’.
The above S&P 500 chart is presented in monthly format. Sometimes taking a step back and looking at a monthly chart will reveal valuable information.
If the current leg of the ‘M’ pattern wants to extend by Fibonacci 1.382 X the length of the 2022 down leg, this implies a target of 5300 on the S&P 500.
