Long Term SPY Fib Arc
I drew a Fib arc from SPY's low in 2009 to SPY's recent lifetime High in 2014. There appears to be clear areas of support and resistance. I used a line instead of candles as zooming out this far makes them very crunched up. The line I am using is derived from the OHLC4 price. I labeled support and resistance where ever it seems to be obvious. I am not making a prediction, this is just an observation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.