Above is a daily chart of the S&P since the beginning of its apogee phase.
Still short the S&P for next few days. Based on Fib time zones analysis and the current trend pattern we may hit 1863 on Monday then rebound or a more violent move down to 1803 on Monday (Feb 29) then a rebound.
Two Fib time zone patterns starting from the same low date of Oct 15 2014 (@1821.61) converge to the same pivot point next Monday Feb 29.
Still short the S&P for next few days. Based on Fib time zones analysis and the current trend pattern we may hit 1863 on Monday then rebound or a more violent move down to 1803 on Monday (Feb 29) then a rebound.
Two Fib time zone patterns starting from the same low date of Oct 15 2014 (@1821.61) converge to the same pivot point next Monday Feb 29.