CajunXChange
Short

SPX M 1.618 AB=CD 1987, 2007, 2009, 2015

INDEX:SPX   S&P 500 Index
77 2 2
The S&P             has completed a bearish ab=cd from 1987             low. The pattern completes ~2100 when using b point, which points to the close from the 09 low. Given that the candle wick measures ~100 points lower than b, I drew a fib from high to low using the wicks and the 1.618 comes in at 2127. If the index does manage to break above this number, look for 2500 as the next hurdle.
dionvuletich
2 years ago
what does this look like on a log scale?
Reply
CajunXChange dionvuletich
2 years ago
Apologize on the tardiness but this is the log
Along with WTI
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