There is a pretty cool fib time cycle cluster on the S&P chart right now. If this fib cycle stuff works the way I think it should, i'm thinking we should see a healthy correction sometime next week. I'm not saying that it has to be "the" top, but at the very least it should pause and show a little respect for Mother Nature and Fibonacci theory fcol.
I thought this 3rd wave or 5th wave or whatever the hell wave this is was getting way over done time wise when price was at 1375. So, here we are now at the .618 extension price of 1400 and have arrived at a pretty decent fib time cycle cluster with the 3rd or 5th or whatever wave being way way way overdone imho and i'd really like to see a correction back to at least 1375 so I don't lose faith in Fibonacci theory.
It would be an insult to Mother Nature if the market doesn't correct next week, and they say it isn't smart to piss off Mother Nature, so Wall St. oligarchs be warned, don't piss off Mother Nature because paybacks are hell and she can be a real cruel bitch when she's mad.