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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (12358)	1/29/2016 12:52:29 PM
From: Chip McVickar	1 Recommendation Recommended By Justinfo Read Replies (1) of 12409

Revision # 3 Update on upward targets Keeping in mind I'm an amateur and just really guessing. These are likely targets on the re-tracement towards the old highs in the cash S&P chart What you do with this is an individual choice 1/28/2016 3:42:41 PM bought just after 3:00 est - cash chart -- 1892.87 looking for 1 - 1916 = 1st 1.618 2 - 1922 = 2nd 1.618 higher gap 3 - 1938 = 3rd 1.618 4 - 1957 = 50% fibo retracement 5 - 1969 = a 1.618 move 6 - 1981 = another 1.618 move 7 - 1990 = Gap 8 - 2031 = 75% fibo retracement from low to high of 2104 dec 2nd 9 - 2043 = Gap 10 - 2104.27 2nd high There are others I may have missed... and may add at a later date Plus futures charts produce different numbers and as the big players use those charts the effects in the cash charts maybe slightly off

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