$SPX Monthly Fibonacci confluence at 2470-2480 with reverse abcd
Its been suicide trying to short this monster.
The 1.618 extension from the 2007H-2009L held for months but couldn't tame the beast.
The next obvious target from the financial crisis would be the 200 extension which clocks in at 2477. The 2015-2016 200 extension clocks in at 2470. I'd be looking to hit the sell button once that level is achieved.
The 1.618 extension from the 2007H-2009L held for months but couldn't tame the beast.
The next obvious target from the financial crisis would be the 200 extension which clocks in at 2477. The 2015-2016 200 extension clocks in at 2470. I'd be looking to hit the sell button once that level is achieved.