Fibonacci and more Fibonacci

SPCFD:SPX   S&P 500 Index
The reversal came this morning exactly (almost) at the cluster of 0.618 level. Hoping and bouncing etc brought us up to the cluster of 00.5 and 0.382. Retracement clusters have more validity of single clusters. With such strong fundamentals I would expect a continuation of the long term uptrend interrupted by the so called market volatility . I am definitely putting more cash to work as we start upwards- and no it wont be very smooth ride from now on...Happy and profitable trades everyone.


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