There are three SPX Fibonacci coordinates in the 2458 area.
1) .382 of the decline from 2490.90 to 2437.8 is 2458.10
2) If an Elliott wave Expanding Flat is forming - wave "c" is two times wave "a" at 2458.20
3) There is short term chart resistance at 2458.00
This could be an excellent area to initiate short positions.
If the SPX moves beyond 2460.00 the next resistance zone is at 2470.00
Mark
1) .382 of the decline from 2490.90 to 2437.8 is 2458.10
2) If an Elliott wave Expanding Flat is forming - wave "c" is two times wave "a" at 2458.20
3) There is short term chart resistance at 2458.00
This could be an excellent area to initiate short positions.
If the SPX moves beyond 2460.00 the next resistance zone is at 2470.00
Mark