$SPX Fib Recalculation

Still suspicious that we may find support (since we didn’t gap through this trend line), the pink A-B-C count is till alive, and we can still be just finishing pink A now, where Orange 5 (of Pink A) equals Orange 1 (of Pink A): you can see the fib extension on the chart:

SPX

So, if this temporarily bullish count is correct, this is a place where we may begin to rally. We were close enough to this 1:1 fib yesterday, but now it’s a perfect strike. I have timidly added a few more calls (weeps in fear).


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