“We have received many emails from members and readers asking us to follow-up on our December 30, 2020, Gann/Fibonacci research article entitled “Price Amplitude Arcs/Gann Suggest A Major Peak in Early April 2021 – Part II“. In that article, my research team suggested a major price peak may set up in early April 2021. Now we are only a few weeks away from the start of April and we believe the US major indexes have already started to make their move related to the Gann/Fibonacci peak prediction. Let’s review our original research and then take a look at what is happening on the charts right now.
Before we get started, please know that this article talks about the long-term trend and pattern forming. This topping setup may drag out until later this year, possibly August and beyond. As always, we do not trade or invest based on predictions. We simply follow the price. Until the market price confirms a new downtrend, we will remain long stocks.”
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