Thursday, August 16, 2007

SPX Fib Levels

The SPX (S&P 500) spent another day under the 200MA and like the RUT has a confirmed downtrend started with both a lower high and lower low. Below are some charts with fibonacci lines to give us an idea of targets above and below the current price.

SPX Daily with Fibs Indicating Targets to the Downside



SPX Daily with Fibs Indicating Targets to the Upside

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