The trickiest part of harmonic chart is the area between the .786/.886 Fib retracements and a former high. Even in unrigged markets, this area could mark anything from a prelude to new highs to a slight overshoot of a corrective wave.
SPX has reached this, our upside target, with little trouble, largely on the back on CL’s 63% spike since Feb 11. Now that we’re here, it makes sense to be a little more cautious. The manipulation that has been the hallmark of the past six weeks is about to get much worse.
continued for members…
Sorry, this content is for members only.
Already a member? Login below…