SPX showing some reversals ?
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The Fibonacci analysis is sometime very helpful to determine the levels of retracement’s in the markets. SPX and the markets simply don’t go up straight. Take a look at this video in addition today’s video. This could be a move to the downside. At least caution is needed here when entering long positions now for the next few days. If SPX breaks above the 50 day line than this is not of any consequence. Than it will be a time to add more longs here.