Monday, April 20, 2009

Pivotal Levels for the S&P 500

S&P 500 was up 27% in December to January run, 741-944.
31% in the current run, 667-876.

The 944 to 667 Fib gives us 838, 805 and 773.
A 667 to 876 Fib would give us 796, 771 and 746.

Is ~770 important or what?  Not only that but a downsloping line from 944 and February 10's 868 intersects 746.

S&P 500: 832

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