S&P recently hit the 1.618 fib level that started back in 2009. This same level is also inverse of the 1.27 from a prior move, that started in 2007, making this a key price level. holding true, then our next target level will be just slightly above 2100. this is definitely a long term move as you can see this has already taken a few years to build up.
If we look at the trend line (in red), this could take almost 2 more years to reach the 2100 level.
I almost expect a lull or pull back for the next several months
If we look at the trend line (in red), this could take almost 2 more years to reach the 2100 level.
I almost expect a lull or pull back for the next several months
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