Good Fibs So Far

Following up some comments on the futures I made this morning, S&P 500 cash has a confluence of excellent fibs between various internal legs of what has become quite a complex structure:

SPY

In addition to those, we have also retraced 50% of the decline, also at today’s high:

SPY

And there is a good fib with Apple here, too. Last discussed here, we have entered the orange buffer again, and I expect this to be sold.

AAPL

So, if these hold, I can justify a top being in place, at least from a technical point of view.


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