It's been an interesting year technically for the equity indexes. The first few months were spent challenging upper technical targets with the Dow Jones and S&P 500 indexes challenging the 61% retracement of the bear market with the Dow reversing right at it.rnEquity markets have been looking for an excuse to sell off and it goes beyond a simple Fibonacci retracement. There is a good price and time calculation that suggests the top is in for the year. It was W.D. Gann who taught nearly 80 years ago that we need to square the price range with time.
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