9Feb/09
Interesting S&P 500 Chart using Fib Retracements.
I have gotten carried away lately with life so this blog hasn't received the tender caring love.
Tonight I bring you a chart I have been watching since mid January.
There is support of 818 and 804 on the S&P 500 and resistance at 890. I will add to my short positions at 890 or if we test our supports I will watch closely as I think third time is a charm for a breakdown.
Without further delay here is the (in)famous chart. Click to Enlarge
Hope you like it.
-K