Fibonacci anyone?

23 thg 9, 2019

I haven't seen or heard anyone mention how the Fibonacci ratios formed by this 10 year bull market have lined up perfectly with major pivot points. It's uncanny how the .618 lines up with the tops of 2015, and the .382 with the top in 2007. We can see major action at the other levels as well. This suggests to me that we've likely hit a top in the market, at least for the near term. The strength of utility/dividend stocks, bonds and precious metals suggest the same. Maybe time to lighten up or look for shorting opportunities.
SPY