EuroMotif

SPX bounce at key resistance: 4360 to 4400 range will be tough

FOREXCOM:SPX500   S&P 500 Index
Quick post to alert of key SP500 levels here.
Plotted are fib series from different timeframes.
Each series represents and measures a single wave.

4360 to 4400 has a dense cluster of resistance fibs.
It is likely that price will linger within that range.
Break above 4400 would be a sign of "bottom in".

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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the Moderator Tag is my Flag
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