$SPX500 again near major fib extension resistance . Notice that 1.62 in 2015 proved to be a major high before index plunged 15% . So here we are at fib extension 2.00% on Longer term as well as short term
Comment:
back in 2015 the mov avgs were very close and supportive hence the range was limited (consolidation) . This time the advacen was quick from Nov so Mov Avgs have wider margins. Tgt 100 then 200 ma for corrective A selloff, then B advance and then final plunge to 2015 highs of 2100