123Tom's TA study group

[123tom]

connecting points for the Fib SPX

the target points. in the curved playing field,the shape of tracks developing.
just looking at the road map intersections

It didn't add to the vision beyond the previous chart. The targets to watch are the same (2800/2825 resistance above that 2845/2865 area. Support below remains at 2750/2725 area. The 2700 bottom zone looks like its still in play in this cycle, and S+P needs to make a recovery rally here that reaches at least 2800 to become anything bullish looking. and by that I mean a rally to lets say 2810, that's a 100 point rally, and the basic Fib retrace would pull back looking to hold around 2760 area.