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S&P 500 Index
Short

Spider Web of the Fibs

By UnknownUnicorn2141791
Updated
Hi guys. Here's my humble perception of SPX500 as of now. I don't think shorting is a great idea though. I would rather wait for a pullback. Have a nice day and thank you very much indeed.
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snapshot Also watch out for a possible bounce off this intermediary level (white line) which could lead to a retest of the broken trend line.
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snapshot OK. Here's the 1st Target touched.
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This was just normal "preliminary supply" in my very humble opinion. See you later guys.
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Today 1/22/18 the long target has been hit as well and I'm anticipating a reversal to start from here (more of a s/w character first).
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snapshot as an alternative layout, but I hope it will not take this shape
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snapshot this euphoria in the last few days coincides with some unusually high volume flow (likely volume flow imbalance - "overflow")
SPX (S&P 500 Index)Trend Analysis

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