$SPX comparison to 2012 and 2016 Fibonacci retracement levels

SPCFD:SPX   S&P 500 Index
Even though the current correction is larger than the previous two comparisons, it's currently just beneath the usual minimum 61.8%, which is similar to the others.

Weekly timeframe comparison of S&P 500
Fibonacci retracement levels from the previous 2 long term range breakouts in 2012 and 2016
40ma for reference

Trying to find a positive after this weeks price drop. 😅


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