$SPX / S&P 500 roadmap
This chart shows a road map for the S&P 500. Since Black Monday (October 1987) the S&P 500 has set up a perfect Fibonacci fan chart. If you use June 2022 and a price of $5,625 and the focus point the perfect fib retracement levels tie back to Black Monday perfectly, I did the retracement first and then notice the date!!!! If you take Oct 1987 as ground zero, the Fibonacci retracements are perfect. 0.382 (Mar 2020) 0.618 (Sep 2020 low), last week = backtest of 0.75. The red arc shows a possible topping pattern, the arc could contain a top, double top or multiple routes, let's see how it unfolds.......
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