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S&P 500: Updated Fibonacci Target

Published 08/10/2017, 12:19 AM
Updated 07/09/2023, 06:31 AM
US500
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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!

SPX Chart

What that means is that the target is just a little bit higher – specifically, 2491.88, which was extremely close to Tuesday’s high.

SPX Chart 2

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