Saturday, November 12, 2016

EXTENSION TARGETS FOR DIA, SPY, IWM AND QQQ

Following are, POSSIBLE, extension targets for the four majors, I'm only doing this because it, APPEARS, we may be about to be in a, SITUATION!!

The magneta lines are the February to July period and the blue lines are the July to the current period. The red boxes are "AREAS" of "POSSIBLE" confluence between the two periods.

I guarantee .................. NOTHING!!!!!!!!!!!!!!



The DIA has a 100% confluence at $196-197, and a 76.4% confluence at $190-191.


The IWM has a 100% confluence at $132-133 and a 76.4% confluence at $127-128.


The QQQ has NO confluences, OTHER than the 100% magneta and the blue HIGH in October, which is around the $119 "AREA". The projected targets of the current rally are 100% at $131.18 and the 76.40% target at $127.


The SPY has a 100% confluence at $230, a 76.40% confluence at $223-225, and a 61.8% extension of the magneta period that lines up with the August and blue period high around $219.50. 

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