one specific "Fibo level" for SPY just below 260 is a buy to cover action for all but 5% of size in day and swing shorts, imo ... down to SPY 258.87 - book profits on SPY held short is my action plan it is possible 258.87 will not be seen by 8 pm eastern time tonight SPX daily with McClellan indicators for the S&P 500 index - http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=2&dy=0&i=p54780492413&a=340963635&r=1518123429543 * evaluate resizing the future trades and chosen trade direction within a few days, for a very large number of reasons it is prudent, imo