S&P500: Our Fibonacci-related timed trading interval signals a turn January 24

We’re back from our trip to the far corners of the world and notice that today -January 24- is a turn date based on our Fibonacci-related trading days interval (red and orange); which we wanted to share. Although past performance is no guarantee for future results, the prior two turn dates on December 2 and 29 coincided with lows, and our interval has since Mid-2015 been able to identify the very important lows in August 2015, January and February 2016 and the highs in October 2015, April 2016 and August 2016. Hence, with such a success rate we do listen.

spx-time-fibs

If everything goes according to plan -and our Elliott wave count is correct (available to premium members)- we now see the S&P500 target SPX2338-2355 on a break above the recent ATH at SPX2282.

 

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