Possible cluster for Short on SP500An area I am closely monitoring lies between 6478 and 6516, particularly if the current high of 6152.75 (marked on December 16) is breached.
Analyzing the swing starting from the low of 3502 in October 2022, the major tops have followed a distinctive pattern in percentage terms:
3/40
5/40
8/40
13/40
21/40
The pattern suggests that each subsequent high is obtained by summing the numerators of the previous upward moves (e.g., 3 + 5 = 8, 8 + 5 = 13, and so on) while the denominator remains fixed at 40. Following this logic, the next high should be 34/40 (21 + 13).
I am confident in the reliability of this pattern because when I sum the numerators (21 + 34) and the denominators (40 + 40), the resulting level (55/80) aligns with a minor high. Similarly, by summing 55/80 and 21/40, using the same logic, I arrive at 76/120, which corresponded to a very significant high in July 2024.
While these levels may not be perfectly precise, they represent key areas of interest that warrant close attention.
If you are interested in this type of analysis, particularly when integrated with GANN angles, feel free to contact me privately at this email: drake36@inwind.it.
