1) The highs before the GFC hit was 1576.09
2) The most powerful fib level, the 61.8, from wick low post GFC to wick record highs is 1573.96
3) The difference between the GFC highs and this 61.8 fib level is a mere 2.13 points
4) With no more QE left to hold up the market, potential Greek contagion and the ever elusive rate hikes, there may be enough on the table for the market to correct 25%+ from here and it is very possible we have already witnessed the absolute high
As always, DYOR
2) The most powerful fib level, the 61.8, from wick low post GFC to wick record highs is 1573.96
3) The difference between the GFC highs and this 61.8 fib level is a mere 2.13 points
4) With no more QE left to hold up the market, potential Greek contagion and the ever elusive rate hikes, there may be enough on the table for the market to correct 25%+ from here and it is very possible we have already witnessed the absolute high
As always, DYOR