SPX. Reaction to rising trendline.

If price hits the rising trendline and reacts as it has before, then a correction ensues. The 23 fib is the first area that indicates if price will continue lower by testing it. Etc., to other levels. My trust in the fib and the levels of psych are just coming in to a way to forecast market outlook for me. IE, So fib is not just something you can ignore.