Quelle: by Michael Kramer, APRIL 10, 2021
https://mottcapitalmanagement.com/7-...k-of-april-12/
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it isn’t often that we find the S&P 500 overbought, using the RSI and Bollinger bands on a Daily, Weekly, and Monthly basis all at the same time. But that is exactly the case.
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I think the level around 4,130 on the SPX appears to offer a lot of technical resistance.
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The chart below shows the S&P 500 now at the 1.618% extension from peak to trough of the March 2020 decline.
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There is also this chart that shows the 4,125 area as a 38.2% extension from the March low to the September peak.
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Mein Kommentar:
Der Analyst macht imho einen Fehler: Er verwendet lineare Fibonacci-Extensionen, es sollen aber logarithmische sein!
Beispiel: Die große 162er Extension liegt daher bei 4466, nicht bei 4148 (jeweils Kurse nach JFD-Bank Indikation). Er sieht "level around 4,130" daher im Fokus.