There are two potential time cycles due soon.
The first is a Full Moon on 11/27/23. Sometime markets can turn on new/full moons – plus or minus two trading days.
The second is a Fibonacci time cycle. The S&P 500 - 07/27/23 to 10/27/23 decline lasted 65 trading days (td) multiplied by the Fibonacci .382 ratio yields 25 td, added to 10/27/23 targets 12/04/23.
If the S&P 500 can rally into the 11/27/23 to 12/04/23 time zone an important top could be made.
The first is a Full Moon on 11/27/23. Sometime markets can turn on new/full moons – plus or minus two trading days.
The second is a Fibonacci time cycle. The S&P 500 - 07/27/23 to 10/27/23 decline lasted 65 trading days (td) multiplied by the Fibonacci .382 ratio yields 25 td, added to 10/27/23 targets 12/04/23.
If the S&P 500 can rally into the 11/27/23 to 12/04/23 time zone an important top could be made.
