This is the secret sauce that makes SPX run.
Contribute any excess profits you make as a result of this idea to gb50k for coming up with the formula:
CL1!*1000-EURUSD*125000-JPYUSD*125000+1-2.8*SPX500*50+1
Put the fib at the real breakout level (cause that's where the rally started then) and you get an OTE at 252. that makes good sense in combination with the price action we are seing now ... long wicks down to the ote (typical ote buying) !