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WildWestTrading

Fib extensions on long-term SPY chart.

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
WildWestTrading  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
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1
trendanalysis
I was looking at a long-term SPY chart and threw the fib extensions up. Interesting that we just broke the 3.618 level from the low put in back in 2009. We back tested that level today and closed higher. We'll see what happens in the short term, but could we see $450 on SPY in the next several months? What do you think?
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