The Fib lines seems to be in alignment with resistance support of recent price actions to indicate a top of some sort. But our ST has not turned the corner yet so again I would advise not to get ahead of yourself and start shorting the market. There are a few gaps in the SPX that is currently unfilled, but it does not mean that it has to be filled right away. There are still a few gaps that has not been filled since 2013, so this idea that gaps have to be filled right away is misleading. Nonetheless we should still look at its potential along with added indicators.
I am eyeing a 1920 - 1900 retracement if ever, and this would be 50% of our current run. Any push lower past the 61.8% retracement becomes bearish unless we can identify a pattern in the price as corrective.
MT: DOWN
ST: UP
PA: NA
5 Min. chart
Possible CIT count...
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