Fibs for SPY

Discussion in 'Technical Analysis' started by buy23jim, Sep 13, 2009.

  1. buy23jim


    It looks like we are just about at a 61.8% CD extension from the A(3/2/09) to B(6/8/09) on the weekly chart. My C point is 7/6/09 week low. My D point would be around $105.39

    From the 2007 Oct high to the March low appears to be generating a 38.2% time extension from those March lows.

    Because everybody is expecting it makes me think we probably won't get it, but could a Big turn down could be coming this week?