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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?

To: zman69 who wrote (4421)	9/24/2014 8:19:26 AM
From: The Ox	Respond to of 15903

Overnight, SPY reached below the 50% fibo retrace off the 8/8 to 9/18 run....197.5ish depending on where you call the top and bottom (regular trading or after hours, etc...) This was an obvious downside target off the high. 196 would be the next major fibo area to watch for or target to the downside for the short term. A bounce isn't surprising. Neither would be a gap and crap. I think more will be surprised if we were to get a gap and run vs. crap.