Perfect Fibonacci levels Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Sep 28, 2018 8:56 PM

If SPY climbs up to around the 305 level and we start the descend you notice the strongest Fib levels are in the areas of strong support price action wise. A similar scenario applies to the DJIA and QQQ. I believe we are very close to the top.

Technical Indicators