Updated Fibonacci Target

By -

Not to get all Elliott-Wavey on you, but I’ve made a very slight change to my $SPX chart with respect to its Fibonacci retracement. Specifically, I’ve moved the lower extreme to the 1980 low instead of the 1982 low, which I should have done in the first place!


What that means is that the target is just a little bit higher – specifically, 2491.88, which was extremely close to Tuesday’s high. You can see this for yourself in SlopeCharts.

slopechart_$SPX (1)