S&P 500 Index
Short

Reviewing the 423 fib of 2000 - 2008 reaction.

182
Ain't that some stuff?

SPX at 423 extension of 2000/2008


I've seen such ruthless spike outs of these 423 fibs that I still really would feel much better if that has happened and remain open to adapting trade plans for that if it happens, but I've marked in the typical implied pattern for this when the 423 is rejected. We usually head back to the 127 (Lot of ups and downs on the way, but that's the swing target).

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