Step two in the process of finding price targets is to add the Gann targets to the Fibonacci grid developed in yesterday's post. The Gann prices are derived from the Square of Nine and are the thick horizontal green lines on the attached chart of the monthly S&P500 (cash). We are interested in where these Gann targets coincide with the Fib clusters. Our two best price targets for the anticipated "C" wave decline are shown by the blue boxes.
Next week we will work on the potential time targets.
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