Here’s an interesting chart for you: the S&P 500. What’s cool about it is that today’s mega-rally sent it precisely, and I do mean precisely, to the Fibonacci resistance line. If it weren’t for the fact I’m lying horizontal on a sofa, my jaw would be hanging open.
Here’s the entire Fibonacci sequence, anchored to the Liberation Day Taco low and the lifetime high. You can see what a magnificent pattern base the red line constitutes. Of course, if we go blasting higher tomorrow right out the gate, forget I said anything, but I thought this was worth mentioning.
If this holds true, it also sets us up for a nice clean target on the next dip, which would be 6174.39. That value lines up beautifully with all the other projections I’ve been making, including A Simple Plan.
