SPX Target - if pivot takes

Seems reasonable to say that we are bouncing right around the high end of the pitchfork for the SPX bear trend. Also the recent swing high tapped and two sequential pitchfans align at this level, will be interesting to see if we push through or try for a median on the main trend. Significant moves above 4500 would make me skeptical, and a move above 4640 would invalidate the fork. Netflix's continued meltdown is certainly not a bright omen.

DYODD - No advice here, going to be interesting

Note

Also we are riding the 1.618 fib channel down.

Interesting position relative to 1.618 Fib Channels

laminaytrap

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laminaytrap