One Last Fib Update on $SPX

I just posted some fib work (here). I should have spent two more minutes on that, because I have a better justification now. (Remember: the pink 4 count is only a placeholder for the moment; I am primarily interested in the 5 green waves for now). If I use the low at the green arrow for green 1, the rest falls out very naturally. And it would explain why I am seeing such a sharp divergence on momentum indicators here: it’s what I would expect to see at the conclusion of a 5-wave move. So, just pointing out that fibs can justify a low here.

SPX


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