Adding Fibo to the Diet

We can go where we want to
A place where they will never find
--Men Without Hats

Another look at the SPX using Fibonacci analysis. We use the March 2009 lows and the recent highs as the frame of reference.

Fibo retracement levels show a pretty good fit. The 'logical' landing zone using this perspective is 1135ish, which would represent a 38% retracement from the recent highs. 1135 happens to constitute the front lines of the battle waged last year.

position in SPX