It looks like it needs to recover 1888 to stay alive immediately
and 1234 Fibanocci is possible but the weekly cycles then looks like it goes
back down with the next crash wave beginning 5 weeks out and running
to 11 weeks out. Projecting next week's cycle calculation at 1234 close, it does
not improve the outcome and actually becomes worse. It would need
something higher than 1234 next week. What appears to be happening
here is burning 4 weeks of option time. Although I do expect a dip
immediately after opex, every dip has severe potential these days, the
main event may not start for 4-5 weeks.
But I want to stress in this chart more lateral time could occur and the real break down
does not occur for 4-5 weeks.
