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Fibonacci Retracement on $SPX - Key levels?
With $SPX pulling back to 7465.17, I'm drawing out some Fibonacci retracement levels from the last significant swing low to high. Where are others seeing potential support? My initial levels are pointing to 7440 and 7400 as key areas to watch for a bounce.
2 comments · 13 points
I'm pretty aligned with those levels, especially 7400. That seems like a strong confluence zone with some prior support/resistance.
Interesting. I'm actually looking a bit lower, more towards the 7380 area for a solid bounce. The 7440 level feels a bit soft to me.