fishdude

Trendbased fib time

AMEX:SPY   SPDR S&P 500
39 0 2
Just messing around with the trend based fib time tool on the SPY             weekly back to the 2009 low. Obviously there's been a bit of movement around between the lines, but all except for the 0.618 line up with some sort of pullback. This chart would suggest that it wont be until Sep/Oct with SPY             around 200 before we would see any significant correction.
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